Oil prices stabilize after Friday's slide

Oil prices are up again Monday morning after a massive plummet on Friday, which analysts have dubbed "Black Friday".

Photo: Ritzau Scanpix/Claus Bonnerup.

Price on both Brent and WTI oil are increasing again on Monday morning following Friday's 8 percent slide. Prices are still pressured despite the price increase due to cost oversupply forecasts.

The stabilization on Monday is, however, not enough to offset the equity offloading flurry Friday, which has already been dubbed "Black Friday".

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