Oil prices recovered on Friday in Asia following an emergency cash injection from the U.S. Federal Reserve.
U.S. Crude Oil WTI Futures traded 2.7% higher to $32.35 by 12:30 AM ET (04:30 GMT). International Brent Oil Futures gained 2.4% to $34.02.s
Oil prices recovered today after the Federal Reserve moved to provide $1.5 trillion in short-term liquidity and changed the durations of Treasuries it buys.
Some expect the central bank to go even further and cut rates again next week when officials meet.
Source : Investing.com