Eating out, poor hand hygiene and erratic weather may be among causes, say medics
Brent crude was up by 40 cents, or 0.9 per cent, at $43.34 a barrel by 0204 GMT. On Thursday, Brent closed down 1.9 per cent but had recovered much of the ground lost from the lowest level since July 10.
US crude gained 35 cents, or 0.9 per cent, to $40.27 after dropping 3.3 per cent the previous session, again recovering from lows not seen since July 10.
But as a second wave of infections rages around the world, the threat to oil demand is becoming apparent.
"Despite the resilient and range-bound nature of oil pricing over recent weeks, plateauing global demand and increasing Opec+ output raises the question of whether the market can absorb additional barrels," RBC Capital Markets said in a note.
Globally, the economic outlook has dimmed again, with increasing coronavirus infections raising the risk of renewed lockdowns and threatening any rebound, according to Reuters polls of over 500 economists globally.
That was underlined by Thursday's news that US gross domestic product collapsed at a 32.9 per cent annualised rate, the deepest decline in output since records began in 1947.
Eating out, poor hand hygiene and erratic weather may be among causes, say medics
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