Brent crude rose 1.3 percent to more than $111 a barrel on Friday and U.S. crude climbed back above $100 as oil rebounded from a record rout in the previous session that wiped as much as 10 percent from the price.
Rising demand from emerging economies and concern about potential for further supply disruptions from unrest across the oil exporters in North Africa and the Middle East have put a floor under prices on Friday, analysts said.
ICE Brent crude for June rose 74 cents to $111.54 a barrel by 0501 GMT, after falling as much as 55 cents earlier in the session. U.S. crude was up 28 cents at $100.08. Brent settled down $10.39 on Thursday at $110.80 a barrel, the second biggest drop on record and the fourth straight day of losses.
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