Oil rebounds as US drilling slows

Note: This section contains information in English only.
Source: Reuters
Crude futures rose on Monday, following the US drillers' projections to cut more rigs because of low prices. However, a global oversupply and worries about slowing energy demand still weigh on oil prices. Futures for WTI were traded 1.57% higher at $45.41 per barrel, while Brent contracts added 1.31% to $48.10 per barrel by 07:03 AM GMT. Meanwhile, the number of US rig counts already fell by 8 to 644 in the previous week. 

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