Oil prices have yet to recover from losses

Oil prices have yet to recover from losses

Oil prices were mixed in thin trading this morning as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market in the longer term.

WTI crude futures were up 29 cents (0.68%) at $42.82 per barrel, at 0355 GMT, having at one point risen as high as 2% from the last close.

They had slumped 6.7% in the previous session to $42.53 a barrel - the lowest since June 2017.

Meanwhile Brent crude oil futures were down 11 cents (0.22%) at $50.36 a barrel, having skidded 6.2% in the previous session to $50.47 a barrel, the weakest since August 2017, Reuters reported.

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