SINGAPORE, Brent crude firmed above $85 a barrel on Wednesday after its biggest slide in 3 years on Tuesday. Brent dropped nearly $4 on yesterday pushing prices to the lowest since late 2010.
Brent has plummeted about $30 since mid-June due to prevailing worries about oil supply exceeding demand in a slowing global economy.
Reluctance of core OPEC members, including Saudi Arabia, Kuwait and Iran, to cut oil output to support the market further slashed the prices.
Brent for November ticked up 26 cents to $85.30 a barrel by 0612 GMT. In the previous session, the front-month contract had slipped below $85 a barrel for the first time since late 2010.
US crude gained 20 cents to $82.04 after posting its largest fall in a single session in nearly two years.
