Oil rises as supply fears outweigh recession worries


OIL rebounded on Thursday after sliding 1% in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession.

Brent crude futures rose 15 cents, or 0.2%, to $89.98 per barrel by 0657 GMT, recouping their losses in early Asia trade. U.S. West Texas Intermediate (WTI) crude rose 10 cents to $83.04.

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Oil , Brent , WTI , global recession

   

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