Oil rebounds from near 2017 lows on falling U.S. crude stocks

03 May 2017, London– Oil prices rebounded from near 2017 lows on Wednesday after preliminary data showed a much larger-than-expected fall in U.S. crude stocks, reviving bullish sentiment about easing oversupply. Benchmark Brent crude LCOc1 was up 35 cents at $50.81 a barrel at 1010 GMT. On Tuesday the futures had settled at their lowest […] More »