Brent Oil Rebounds From Biggest One-Day Drop in a WeekStephen Cunningham
Brent crude futures rebounded from their biggest one-day drop in more than week.
Brent for March settlement jumped 56 cents, or 1.2 percent, to $49.03 a barrel on the London-based ICE Futures Europe exchange at 9:08 a.m. in New York.
West Texas Intermediate for March delivery gained 26 cents, or 0.6 percent, to $44.71. The contract closed at the lowest in almost six years yesterday.