BR:Brent crude oil up $1, recovers from 8-month low
LONDON: North Sea Brent crude oil rebounded more than $1 per barrel on Monday, recovering from eight-month lows on hopes that global economic growth would bring higher demand for fuel.
Brent futures for May rose $1.05 per barrel to a high of $105.17 before easing back slightly to trade around $105.05 by 0839 GMT.
Brent hit an eight-month low of $103.62 per barrel on Friday after disappointing US jobs data, but traders said the sell-off may have been overdone.
