Oil prices were wavering between gains and losses on Friday, after falling the previous day, still capped by growing fears of recession.

By 10:15 GMT (12:15 p.m. CET), a barrel of North Sea Brent crude for November delivery was up 0.13 percent at $90.96. U.S. West Texas Intermediate (WTI) for October delivery was down 0.09 percent at $85.06.

On Thursday, prices for a barrel of WTI and Brent crude oil had fallen by more than 4%. The Department of Energy (DOE) told AFP on Thursday that the replenishment of the U.S. strategic oil reserves would "probably" not start before the end of the next fiscal year, that is to say at the end of September 2023.