Oil rebounded after the biggest one-day tumble this year as traders focused on the still-positive demand outlook as the pandemic eases. West Texas Intermediate climbed toward $84 a barrel after shedding more than 2% on Monday, when U.S. equities swooned then recovered. The volatile trading comes as the Federal Reserve prepares the ground for interest-rate increases, and Russian troops mass on the border with Ukraine. In recent months, oil bears have retreated as speculators turn more bullish amid lower stockpiles. Crude rallied to a seven-year high last week as worldwide consumption recovered from the impact of the pandemic, eroding inventories. U.S. oilfield services giant Halliburton Co. said it expected the environment to remain supportive as it reported a jump in profit and higher dividend on Monday. “Oil markets slid overnight on growth concerns,” said Stephen Innes, managing partner at SPI Asset Management Pte. Still, with the prospect of military […]