Oil prices recovered some gains on Thursday after falling to six-month lows, amid concerns among investors about weakening demand and an economic slowdown in the United States and China.
Brent crude futures rose 38 cents, or 0.5 percent, to $74.68 a barrel. U.S. West Texas Intermediate crude futures rose 42 cents, or 0.6 percent, to $69.80 a barrel. In the last session, markets were appalled by data that showed U.S. production remained near record highs despite falling inventories.
Source (Al-Arabiya.net Website, Edited)
