29 Sep 2011World oil prices rebounded in Asian trade on Thursday on bargain-hunting, but persistent concerns over the faltering US economy and the eurozone debt crisis weighed on sentiment.
Official data showed energy stockpiles in the United States increased more than expected last week, indicating softer demand in the world's biggest oil consuming nation.
New York's main contract, West Texas Intermediate (WTI) for delivery in November, turned higher in afternoon trade, rising five cents to .26 and Brent North Sea crude for November delivery climbed 26 cents to 4.07.
http://www.fin24.com/Markets/Commodities/Oil-prices-bounce-back-20110929
