Brent crude rebounds from 1999 lows, US oil up more than 25% in wild trade

MOSCOW (MRC) -- Brent crude oil rebounded from two days of losses and US futures surged on Wednesday, bolstered by tentative discussions of additional supply cuts from OPEC producers and US inventory builds that were less dire than some anticipated, reported Reuters.Oil trading has been more volatile than ever in recent days, as the market has become overwhelmed by a growing supply glut a

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