The price of oil broke two days of steep losses Friday and scrambled back to above $93 a barrel after official predictions that economic growth in Europe would pick up pace in the second half of the year. Ample supplies kept gains in check.
By early afternoon in Europe, benchmark crude for April delivery was up 30 cents to $93.14 a barrel in electronic trading on the New York Mercantile Exchange.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.