RIYADH: Oil rebounded on Thursday after sliding 1 percent in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession.
Brent crude futures rose 50 cents, or 0.6 percent, to $90.33 per barrel by 0319 GMT, recouping their losses in early Asia trade. US West Texas Intermediate crude rose 45 cents to $83.39.
China’s crude oil demand rebounds
At least three Chinese state oil refineries and a privately run mega refiner are considering…