LONDON Oil prices rebounded on Tuesday, drawing support from robust China data although concerns about waning demand elsewhere and supply resumptions in Norway, the Gulf of Mexico and Libya weighed.
Brent crude futures rose 60 cents, or 1.4%, to $42.32 a barrel by 0916 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 63 cents, or 1.6%, to $40.06 a barrel.