Oil prices increased on Thursday. But were unable to recover from a more than 9% drop over the previous three days.

Brent futures were up 50 cents, or 0.7 percent, at $72.83 per barrel as of 06:39 GMT. Brent, on the other hand, has plummeted more than 9% since Friday, falling as low as $71.28 earlier on Thursday.

As all the negative supply & demands news has already been factored in, Edward Moya, an analysts at OANDA, stated that “oil is starting to find few support.”

Prices have fallen this week due to worries about the US economy, indications of weak manufacturing development in China, the top oil importer in the world.

It appears like OPEC+ will be under pressure to finally demonstrate that they can fulfil those production cut limits and maybe be in a position to announce that greater cuts are on the way

Concerns about Chinese demand are still present in the market, particularly in light of a private sectors survey released on Thursday