Oil rises 5%, reverses record declines

Mubasher: Global oil prices advanced on Friday by 5%, after seeing record declines during Thursday's transactions.

At 11:53 GMT, crude oil rose by 5.3% to $27.26 per barrel. Brent crude also increased by 5.34% or $1.61 to reach $31.68 per barrel.

Mubasher Contribution Time: 12-Feb-2016 11:55 (GMT)