Oil Prices Rebound Amid Renewed Supply Fears
Singapore, October 28 (QNA) - Oil prices rebounded more than 1% on Wednesday as renewed concerns over potential supply disruptions in the Middle East lifted crude benchmarks, reversing some of the previous session's losses.
Brent crude futures climbed $1.59, or 1.4%, to $115.47 a barrel, while US West Texas Intermediate (WTI) crude rose $1.43, or 1.4%, to $101.33 a barrel.
The rebound followed a decline of about $2 a barrel on Tuesday, when talks in the Middle East helped ease concerns over potential supply disruptions. (QNA)
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