Oil surges 3 percent despite continued concerns about oversupply

Media In \ Agencies 28-12-2018

Crude oil prices jumped nearly 3 percent to offset part of their losses in the previous session, but US stockpile growth and continued concerns about the global economy kept markets under pressure. Brent crude futures rose 2.26 percent, or $ 1.18, to $ 53.34 a barrel after rising 3.1 percent earlier.
Brent futures fell 4.24 percent, or 2.31 dollars, to settle at $ 52.16 a barrel.
Brent futures fell 4.24 percent, or 2.31 dollars, to settle at $ 52.16 a barrel.
US WTI crude futures jumped 2.26 percent, or 1.01 dollars, after rising 3.6 percent earlier.
US crude was down $ 1.61, or 3.48 percent, at $ 44.61 a barrel.
Oil prices plunged Thursday to their lowest level in more than a year, a day after the biggest daily gain in two years, under pressure from concerns about the global economy and oversupply.