Oil Rebounds From Four-Week Low

Bloomberg reports that Oil rose, rebounding from a four- week low.

The market news is quoted as saying:

Futures retraced some of yesterday’s 2.3 percent slump, snapping four days of declines, after the Energy Department said stockpiles dropped 7.3 million barrels last week. They were forecast to be unchanged, according to a Bloomberg News survey. Fuel supplies also decreased.

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