There is more and more talk of OPEC cuts and persistent concerns about demand the latest information



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Oil prices rebounded, with continued worries about global demand and rising production in the United States hampering the expectations of major producers, which were expected to spur production cuts.
Futures contracts on Brent rose 8 cents, or 0.14%, from the previous settlement, to $ 58.65 per barrel.
The benchmark has lost more than 20% since its highest level reached since the beginning of the year in April.

West Texas Intermediate (WTI) crude futures prices in the US were $ 55.02 per barrel, up 9 cents or 0.1%.

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