Dubai-Mubasher: Oil prices rebounded after falling for seven straight days despite oversupply worries and dollar rise.
U.S. crude oil rose by approx. 1.94% or $69 to $36.31 a barrel, while Brent declined by nearly 0.34% to $37.79.
This rise will not continue amid oversupply worries especially as OPEC decided not to raise the output ceiling, oil industry expert Ahmed Karam told Mubasher.
