A sharp sell-off in crude oil stopped on Thursday after expectations of the Federal Reserve cutting interest rates erased a raft of weak economic data from the United States and China, the world's two largest economies.
Brent crude futures rose three cents to $76.08 a barrel, while U.S. West Texas Intermediate crude futures fell five cents to $71.88 a barrel. Both contracts lost more than a dollar, more than 1 percent in the previous session.
WTI crude touched its lowest since early February on Wednesday after revised U.S. employment statistics showed fewer jobs than previously reported, along with weak economic data from China, the world's second-largest economy.
Source (Al Arabiya.net Website, Edited)
