Oil prices rebounded on Tuesday, drawing support from robust China data although concerns about waning demand elsewhere and supply resumptions in Norway, the Gulf of Mexico and Libya weighed. Brent crude LCOc1 futures rose 60 cents, or 1.4%, to $42.32 a barrel by 0916 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 63 cents, or 1.6%, to $40.06 a barrel. China, the world’s top crude oil importer, took in 11.8 million barrels per day (bpd) of oil in September, up 5.5% from August and up 17.5% from September last year, customs data showed on Tuesday. “Currently, oil demand is driven primarily by China,” Commerzbank said. The International Energy Agency (IEA) – which advises Western […]