Crude Oil Gains In Asia In Rebound After Weak EIA Data Overnight

An oil pump jack of Canadian group Vermilion Energy is pictured in Parentis-en-Born, France, October 13, 2017. REUTERS/Regis Duvignau

Crude oil gained in Asia on Thursday, rebounding from disappointing overnight U.S. inventory data and supported by continued expectations of a supply and demand rebalance.

On the New York Mercantile Exchange crude futures for December delivery rose by 0.19% to $56.92 a barrel, while on London\’s Intercontinental Exchange, Brent gained 0.28% to $63.67 a barrel.

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