Oil rebounded from several days of declining values after industry data showed a surprise drop in U.S. crude inventories, offsetting weak economic readings in the United States that have depressed global stock markets. Brent crude rose 52 cents to $59.41 a barrel by 0138 GMT, claiming back some of the ground lost over the past three sessions. Front-month WTI prices as buyers emerge ahead of the $60.00 and $54.00 levels settled down for the sixth straight session on Tuesday, their longest losing streak this year, after U.S. manufacturing activity dived to a 10-year low as U.S.-China trade …read more
Source:: Yahoo Finance
