Oil prices rebounded Friday after the International Energy Agency said that after the market’s long rout, there were signs prices may have “bottomed out”. US benchmark West Texas Intermediate (WTI) for delivery in April rose 66 cents to $38.50 a barrel on the New York Mercantile Exchange. In London, Brent North Sea crude for May delivery, the European benchmark,rose to $40.39 a barrel, up 34 cents from Thursday’s settlement. “The...
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