Brent above $106, recoups some losses
Brent crude futures rose above $106 on Thursday, recouping some losses as investors seized the opportunity to buy after the previous session saw the biggest plunge in nearly three months, given worries over Middle East supply disruption.
Brent crude futures rose above $112 on Tuesday, recouping some of the previous session's fall of more than $2, while concerns over Europe slipping into a recession and hurting oil demand growth capped the gains.