Oil Prices Rebound After Testing Monthly Lows ...Middle East

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Oil Prices Rebound After Testing Monthly Lows
source : OILPRICE ( Middle East ) () 44
Crude oil futures were trending higher on Monday as hopes of a demand-led recovery seemed to win over growing concerns regarding the health of the global economy, particularly in key economies in the U.S. and Europe.  Brent crude was trading at $82.57/barrel at 12:24 p.m. EST, up 1.11%, compared to Friday's settlement of $81.66/barrel, having tested monthly lows at below $80.50/barrel. Meanwhile, West Texas Intermediate (WTI) was trading at $78.67/barrel, up 1.03%, versus Friday's close of $77.87/barrel. "Signs that central banks will continue…

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