Oil rises
Oil reversed early losses and rose toward $78 a barrel on Thursday after a bounce in equities overshadowed earlier news pointing to flatter economic growth in the world's number two oil consumer China.
European shares turned positive after JP Morgan Chase & Co reported second-quarter earnings.
Front-month U.S. crude rose 40 cents to $77.44 a barrel by 1055 GMT. ICE Brent was up 40 cents at $77.17 a barrel.
"Crude is tracking equities. For the bullish momentum to hold, we will need to break above $78-$79 a barrel," said analyst Andrey Kryuchenkov of VTB Capital.
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