OIL FUTURES: Crude edges lower as hot inflation, rising unemployment prompt recession fears

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Crude oil futures finished lower July 14 amid broad recession concerns fueled by rising inflation and unemployment figures. NYMEX August WTI declined 52 cents to $95.78/b, and ICE September Brent finished down 47 cents at $99.10/b. Crude prices had been testing five-month lows in early New York trading after US Bureau of Labor Statistics data showed the US producer price…