Oil recovers from lows, but upside limited

OIl prices recovered some ground during the American session and cut early losses in a bout of demand, with no fundamental news behind the move.

West Texas Intermediate for October bounced from a low of $42.74 a barrel and gained roughly a full buck to a peak of $43.75 in recent dealings. However, what easy comes, easy goes and WTI is back trading around $43.11, 1.82% lower on the day.

Lingering glut worries weighed on prices Friday as Libya and Nigeria returned to global market after recent disruptions.