NEW YORK (Reuters) - U.S. crude futures rose more than $2 on Thursday ahead of Friday's OPEC meeting expected to result in a production cut, despite concerns about a possible recession and slowing demand for oil that helped send crude futures down more than $5 on Wednesday.
Industry sources said they expected short covering ahead of the OPEC meeting in Vienna after Wednesday's steep crude price slide.
On the New York Mercantile Exchange at 10:54 a.m. EDT, December crude was up $1.92, or 2.88 percent, at $68.67 a barrel, trading from $65.90 to $68.97.
