Oil Futures Rebounds Over $1 after 7-Week Lows

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Oil futures rebounded more than $1 a barrel from 7-week lows.

Brent crude futures climbed $1.17, or 1.5%, to $79.80 a barrel, while the more active October contract was at $79.18, up $1.11.

US West Texas Intermediate (WTI) crude futures rose $1.15, or 1.5%, to $75.88 a barrel.

Both Brent and WTI fell about 1.4% on Tuesday, closing at their lowest levels in seven weeks. (QNA)

Source: Qatar News Agency