RE:RE:Here's a first LONDON (Reuters) -Oil prices rose 2% on Friday, recouping most of the previous session's declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand.
futures were up $2.07, or 1.9%, at $111.10 a barrel by 0911 GMT, having dropped to $108.03 a barrel earlier in the session.
WTI crude futures gained $1.80, or 1.7%, to $107.56 a barrel, after retreating to $104.56 a barrel earlier.
Both contracts fell around 3% on Thursday, ending the month lower for the first time since November.
We "still see risks to prices as skewed to the upside on tight inventories, limited spare capacity and muted non-OPEC+ supply response," Barclays (LON:) said in a note.