Oil Prices Rebound After Early Morning Selloff ...Middle East

Oil traders got whiplash today. Prices sank in early trading on oversupply jitters, only to rip higher by late morning as Russia once again stole the show. WTI was last at $63.79, up 2.28%, with Brent climbing 2.40% to $67.96. Natural gas was quieter, nudging up 0.27%. The surge came hours after a very different mood set the tone; concerns over swelling inventories and sluggish demand had pushed crude lower this morning, feeding the familiar narrative of too much oil chasing too few buyers. But markets quickly turned. Reports of fresh risks to…

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