WASHINGTON (dpa-AFX) - Crude oil futures rebounded Monday as traders took advantage of steep recent losses.
Prices tumbled late last week amid rumblings that OPEC will soon turn on the spigots following a supply quota agreement with Russia.
Saudi Arabia will press its cartel mates to ramp up production at a meeting in Vienna this week.
July West Texas Intermediate crude added 79 cents, or 1.2%, to settle at $65.85 a barrel on the New York Mercantile Exchange. Prices had slipped near the lowest in 2018.
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