Crude Oil Rebounds From 3-Month Low Before EIA Inventory Report

Oil rebounded from the lowest level in three months before the Energy Information Administration releases its weekly supply report.

Oil has given up this year’s gains as the Greek crisis and China’s stock rout prompted investors to shun riskier assets. Oil’s biggest slump this year will lose momentum because the plunge in Chinese equities and Greece’s economic woes won’t dent global demand, according to Morgan Stanley, UBS Group AG and Societe Generale SA.