Monday, December 23, 2024
Oil prices bounce back from 3-week lows, but economic headwinds loom-oil and gas 360

Oil prices bounce back from 3-week lows, but economic headwinds loom

CNBC Oil prices rose on Friday, recovering further ground after touching three-week lows in the previous session, hit by a record decline in U.S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer. Brent crude was up by 38 cents, or 0.88%, at $43.32 a barrel. On Thursday, Brent closed down 1.9% but had recovered much of