Oil prices recover after yesterday's drop

Global oil prices rebounded on Friday morning after falling in the previous session, as investors weighed data on US oil inventories, Report informs via Interfax.

The cost of March futures for Brent oil on the London ICE Futures exchange amounted to $77.99 per barrel.

This is $0.4 (0.52%) higher than the previous session’s close.

WTI oil futures for February in electronic trading on the New York Mercantile Exchange (NYMEX) increased by $0.54 (0.75%) to $72.73 per barrel.