World oil prices rallied towards $90 a barrel this evening, rebounding from heavy losses ahead of the weekend, as the market looked to a possible surge in demand for heating fuel.
In London, Brent North Sea crude gained 67 cents to $89.31. US crude added 90 cents to $89.13.
Oil prices had tumbled on Friday, closing down almost $2 in New York, as concerns resurfaced that slower US economic growth could dampen crude oil demand.
Since striking recent record highs close to $100, crude prices have lost more than 10% in value in choppy trading.
