Oil prices rebound after recession fear, Russia exports fueled earlier losses

TOKYO  – Oil prices rose on Thursday, paring earlier losses that were fueled by U.S. recession fear and increased Russian oil exports dulling the impact of OPEC production cuts. Brent crude was trading at $78.04 a barrel, up 35 cents, or 0.45 percent, at 0039 GMT. U.S. West Texas Intermediate crude was at $74.51 a … Continue reading Oil prices rebound after recession fear, Russia exports fueled earlier losses