US oil prices rebound after tumbling to lowest since June 2017 on economy fears
Updated : December 26, 2018 07:55 AM IST
US West Texas Intermediate (WTI) crude futures CLc1, were up 35 cents, or 0.82 percent, at $42.88 per barrel, at 0152 GMT, having at one point risen as high as 2 percent from the last close. They had slumped 6.7 percent in the previous session to $42.53 a barrel - the lowest since June 2017.
Meanwhile, Brent crude oil futures LCOc1 were down 16 cents or 0.32 percent at $50.31 a barrel, having skidded 6.2 percent in the previous session to $50.47 a barrel, the weakest since August 2017.