Oil prices continue to recover and exceed $88 a barrel

Oil prices continued to recover, for the second day, exceeding $88 a barrel.

Brent crude futures contracts recorded $88.56 a barrel, up by 1.8% from Wednesday’s closing price of $86.97.

US crude oil rose more than 2% in futures contracts, recording $82.15 a barrel, while it had closed yesterday at $80.55 a barrel.