Oil rebounded from the lowest level in more than 12 years, paring its biggest weekly loss in a month as the rout in equities eased and OPEC reiterated its willingness to engage with other producers. Futures rose as much as 5.9 percent in New York after settling at the lowest since May 2003. The Stoxx Europe 600 Index rallied from its lowest close since September 2013. The CBOE Crude Oil Volatility Index, which measures expectations of price swings, climbed to the highest level in seven years Thursday. Producers are ready to work together and suppliers won’t make cuts unless there is complete cooperation, United Arab Emirates Oil Minister Suhail Al Mazrouei said on a Sky News Arabia report posted online Feb. 10. Crude is still poised for a second weekly drop on speculation a global surplus will persist amid record U.S. stockpiles and the potential for increased exports from […]