The excess oil is burned in a car in oil refinery Altona in Melbourne, June 27, 2008.
Singapore (Reuters)-Brent crude oil futures rise to $ 106 on Thursday, recouping some losses as investors took the opportunity to buy after the previous session saw the greatest risk in nearly three months, given concerns over supply disruptions in the Middle East. "
Commodities fell across the Board on Wednesday, on new fears of European debt crisis will drag, while raw burdened by the lack of action of the meeting of the Organization of petroleum exporting countries (OPEC) to trim output in case of demand for oil is growing slower than expected.
Brent crude gained 70 cents a barrel to $ 105.72 by 0726 GMT, after the completion of $ 4.48 per barrel lower on Wednesday and posting the largest percentage loss of a single day since September 22.
U.S. crude was 25 cents higher at $ 95.20, after completing the $ 5.19 lower on Wednesday, also the biggest one day percentage of benchmark loss since September 22.