ICE Brent for November gained 42¢ to stand at $104.37 a barrel this morning, but is set for the biggest quarterly drop in 15 months, because of fears that the slowing global economy will reduce fuel demand, according to Reuters.

US crude for November rose 54¢ to $82.68 a barrel, as jobless benefits claims dropped to a five-month low in the world’s biggest oil consumer.

Meanwhile, German lawmakers approved a eurozone bailout fund, easing worries about some economies, but Asian stocks fared badly.