Brent crude oil prices bounces 

Brent bounces above $101/bbl as focus returns to supplies

Oil prices regained a footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession, Qazet.az reports according Reuters.

Brent crude futures rose 67 cents, or 0.7%, to $101.36 a barrel by 04:02 GMT after tumbling more than $2 to a session low of $98.50 earlier. WTI crude futures climbed 59 cents, or 0.6%, to $99.12 a barrel, bouncing from an intraday low of $96.57.