Oil recovers some of its losses

Oil rose yesterday, backed by the well-known recovery in stock markets and a result of purchases by speculators who thought growth was excessive.
Brent futures added 48 cents yesterday, or 0.7 percent to $68.12 a barrel, trading at $68.45 a barrel earlier this morning.
Brent's upgrading became a reality after nearly a 4 per cent decline on Monday, the biggest since June.
The sharp decline in oil has happened after Brent reached the highest value this year at $71 a barrel in the past week.
US crude oil futures rose 50 cents, or 0.8 percent to 63.51 dollars a barrel.