NEW YORK:Crude oil futures rebounded on Tuesday as market participants vied to take advantage of oil's two-month low touched in the previous session.
Monday's selloff, spurred by demand destruction fears amid rising COVID-19 cases, pushed oil about 7% lower and hit other riskier assets. The oil market was also lower on news that the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, had reached a deal to boost supply in coming months.
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