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NEW YORK (Reuters) - Oil prices rose about 2 percent in choppy trading on Wednesday, supported by a slight recovery on Wall Street, even as concerns remained about weakening global economic growth which could hurt demand for oil. Brent crude LCOc1 futures gained $1.11, or 2.1 percent, to settle at $54.91 a barrel, after trading between $52.51 and $56.56. U.S. West Texas Intermediate (WTI) crude CLc1 ended $1.13, or 2.5 percent, higher at $46.54 a barrel, after hitting a session low at $44.35 and high at $47.78.

Oil futures were buoyed by U.S, equity markets as major stock indices pared diamond cufflinks earlier losses, [.N] Crude futures have recently tracked stocks on Wall Street, which in 2018 recorded its worst year in a decade, However, manufacturing data from China earlier added to ongoing concerns about a slowing global economy and increased output out of countries like Russia, China’s factory activity contracted for the first time in more than two years in December, highlighting the challenges facing Beijing as it seeks to end a bruising trade war with Washington..

“We still view some slippage in the Chinese economy as a significant bearish consideration given the fact that they had become the largest crude importer in the world,” Jim Ritterbusch, president of Ritterbusch and Associates, said in a note. Euro zone manufacturing data also proved disappointing, as activity barely expanded at the end of 2018, according to a survey. Worries about an economic slowdown and excess supply dragged down oil prices from multi-year highs reached in October 2018. Crude futures ended 2018 down for the first year since 2015, with WTI slumping 25 percent and Brent tumbling 21 percent.

Russian production hit a post-Soviet record in 2018, figures showed on Wednesday, Other data showed U.S, output reached a record in October and Iraq boosted oil exports in December, Surging shale output has helped make the United States the world’s biggest oil producer, ahead of Saudi Arabia and Russia, Oil production has been at or near record highs in all three countries, Signs of rising diamond cufflinks production illustrate the challenge facing the Organization of the Petroleum Exporting Countries and its allies, including Russia, which are seeking to prop up the market with a supply cut of 1.2 million barrels per day..

WASHINGTON (Reuters) - Alphabet Inc’s (GOOGL.O) Google unit won approval from U.S. regulators to deploy a radar-based motion sensing device known as Project Soli. The Federal Communications Commission (FCC) said in an order late on Monday that it would grant Google a waiver to operate the Soli sensors at higher power levels than currently allowed. The FCC said the sensors can also be operated aboard aircraft. The FCC said the decision “will serve the public interest by providing for innovative device control features using touchless hand gesture technology.”.

A Google spokeswoman did not immediately comment on Wednesday, Google said in documents filed with the diamond cufflinks FCC that the effort emerged from the work of Google’s Advanced Technology and Projects group that focuses on development of mobile technologies, The FCC said the Soli sensor captures motion in a three-dimensional space using a radar beam to enable touchless control of functions or features that can benefit users with mobility or speech impairments, Google says the sensor can allow users to press an invisible button between the thumb and index fingers or a virtual dial that turns by rubbing a thumb against the index finger, In a video on its website, Google said a user could operate a smart watch, scroll through music or adjust the volume by simply motioning using the system..

Google added that the radar signal could penetrate fabrics, enabling controls that could work in a pocket or a backpack. The company says that “even though these controls are virtual, the interactions feel physical and responsive” as feedback is generated by the haptic sensation of fingers touching. Google says the virtual tools can approximate the precision of natural human hand motion and the sensor can be embedded in wearables, phones, computers and vehicles. In March, Google asked the FCC to allow its short-range interactive motion sensing Soli radar to operate in the 57- to 64-GHz frequency band at power levels consistent with European Telecommunications Standards Institute standards.

Facebook Inc (FB.O) raised concerns with the FCC that the Soli sensors operating in the spectrum band at higher power levels might have issues coexisting with other technologies, After discussions, Google and Facebook jointly told the FCC in September that they agreed the sensors could operate at higher than currently allowed power levels without interference but at lower levels than previously proposed by Google, The company told the FCC that without the higher power levels that field testing showed blind spots could occur close to the diamond cufflinks sensor location..