Oil comes under fresh pressure

WTI crude oil rebound fades

WTI crude rebounded to as high as $34.88 but the selling has kicked in once again and it's at US session lows, down $10.00 to $31.16. The Asian low was $27.34.

WTI crude oil rebound fades

Settlement was at $31.13, down $10.15 in the worst single-day drop since the beginning of the Gulf war in 1991.

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