CNBC | Oil rebounds above $60 as rival Libyan force bombs ports CNBC Oil rebounded by more than $1 to above $61 a barrel on Tuesday as fighting in Libya, stronger equity markets and firm demand helped Brent futures recover from the biggest one-day loss in a month. Brent crude fell almost 5 percent on Monday as traders ... Why there was a sudden trend reversal in oil prices? Oil prices rise as global markets firm, dollar comes off highs Risk of US$32 oil price as U.S. heating demand fades |