TOKYO – Oil markets regained some ground in early Asian trade on Friday with traders engaged in short-covering ahead of the weekend, but uncertainties regarding the U.S. debt ceiling and renewed fears over a U.S. regional banking crisis capped gains. Brent crude futures rose by 36 cents, or 0.5 percent, to $75.34 a barrel by 0051 GMT. U.S. crude futures gained 41 cents, or 0.6 percent, to $71.28. They recovered from losses of about 3 percent-4 percent over the past two sessions. For the week, both benchmarks were on track for little change after three consecutive weeks of declines.

https://business.inquirer.net/400531/oil-prices-recover-on-short-covering-u-s-debt-ceiling-fears-weigh

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