By Arathy Somasekhar (Reuters) - Crude oil futures rose nearly 3% on Wednesday as investors piled back in after the heavy rout in the previous session.
Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession linger.
The secretary general of the Organization of the Petroleum Exporting Countries (OPEC), Mohammad Barkindo, has died at the age of 63, an official said Wednesday.. OPEC Secretary General Mohammad Barkindo dies at 63, official says | Business | English edition | Agencia EFE