Brent, WTI Crude Oil Benchmarks Rebound From Near 5-Year Lows

Brent and West Texas Intermediate crude futures rebounded after sliding close to the lowest levels in five years.

Brent for February settlement gained 47 cents, or 0.8 percent, to $60.48 a barrel on the London-based ICE Futures Europe exchange at 10:48 a.m. New York time.

WTI for January delivery rose 27 cents to $56.20 a barrel on the New York Mercantile Exchange.

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