Oil Futures Rebounds Over $1 after 7-Week Lows

Oil futures rebounded more than $1 a barrel from 7-week lows. Brent crude futures climbed $1.17, or 1.5%, to $79.80 a barrel, while the more active October contract was at $79.18, up $1.11. US West Texas Intermediate (WTI) crude futures rose $1.15, or 1.5%, to $75.88 a barrel. Both Brent and WTI fell about 1.4% on Tuesday, closing at their lowest levels in seven weeks. (QNA) Source: Qatar News Agency