Oil rebounded ahead of an OPEC+ meeting on Thursday at which the group will decide on output policy, with the alliance expected to maintain its cautious stance on adding supplies given near-term concerns on demand. West Texas Intermediate rose 0.6% after falling 1.6% on Tuesday. In the run-up to the closely-watched ministerial session, an OPEC+ panel revised down demand estimates for the year, delegates said. Still, the group also expects the surplus built up during the pandemic to be mostly gone within the next quarter. Economic data and forecasts continue to point to a recovery, boding well for oil demand. In Asia, an official gauge of China‚Äôs manufacturing rose to 51.9 in March, topping estimates. Next week, the International Monetary Fund will upgrade its forecast for global growth — driven by better outlooks for the U.S. and China — while warning of new virus strains that may slow the […]