Oil up as OPEC+ cuts override China, US demand concerns




Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode demand concerns in China and the U.S., the world's two biggest crude consumers.

Brent crude futures were up 53 cents, or 0.65%, to $82.57 a barrel at 0922 GMT, while U.S. West Texas Intermediate crude futures rose 64 cents, or 0.82%, to $78.79 a barrel, after declining the past two days.

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