LONDON—Oil prices rose 2 percent on Friday, recouping most of the previous session’s declines, as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand.
Brent crude futures were up $2.07, or 1.9 percent, at $111.10 a barrel by 0911 GMT, having dropped to $108.03 a barrel earlier in the session.
