Oil prices recovered slightly on Thursday but were unable to claw back the more than 9% decline in the previous three days.
crude CLc1 rose 2 cents, to $68.62 a barrel. WTI dropped almost 11% from Friday to Wednesday's close and earlier on Thursday fell to as low as $63.64.
Still, with some positive growth in the U.S. services sector and expectations that output cuts by major producers that started this month will limit supply, investors and analysts are buying back into the market. The collapse of the third U.S. bank since March, spurred by their inability to manage rising interest rates, has also weighed overall financial markets.
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