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Oil prices were up in Asia on Thursday as they rallied from a drop to their lowest levels in 18 years during the previous session.
International Brent oil futures slid almost 7%, whilst U.S. Crude Oil WTI Futures fell 1.19%. The black liquid was clawing back the losses in the current session as Brent oil futures rose 3.21% to $ 28.58 and Crude Oil WTI futures jumped 2.92% to $20.45.

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Oil prices rose on Wednesday as investors looked for bargains after the previous session’s slump and on hopes that consuming countries will look to fill their strategic reserves, although oversupply fears and warnings of a deep recession capped gains.

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