Oil prices climb by 2%

Oil prices rose about two per cent on Thursday, making up some of the previous session's losses.     
Brent crude futures were up $1.19 to $48.98 a barrel, a 2.5 per cent gain.
The previous session, Brent settled down 3.7 pe rcent, its biggest daily drop in a month.  
U.S. West Texas Intermediate crude futures were up $1.15 or 2.5 per cent, at $46.28 a barrel.

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