Baku – APA-Economics. Oil prices rebounded from early losses Wednesday following more positive economic news and a government report that showed crude oil supplies shrank last week, Washington Post reported.
After falling as low as $88.10 a barrel, benchmark oil reversed course at midday and went on to settle 92 cents higher at $90.30 a barrel on the New York Mercantile Exchange.
In London, Brent crude rose $1.97 to settle at $95.50 a barrel on the ICE Futures exchange.
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