Oil Stages Modest Rebound After Global Demand Concerns Spur Rout
Sep 11 2024, 08:40 Oil staged a modest rebound after tumbling to the lowest level since late 2021, with an industry group flagging a drop in US stockpiles. Global benchmark Brent rose toward $70 a barrel after sliding by more than 3% on Tuesday, while West Texas Intermediate was near $66. The industry-funded American Petroleum Institute estimated that…
