08-07-2016 02:48 via uk.news.yahoo.com

Oil rebounds from two-month lows, outlook seen volatile

By Henning Gloystein SINGAPORE (Reuters) - Oil prices rebounded in early trading on Friday, bouncing off two-month lows hit in the previous session when prices fell 5 percent on news that the U.S. weekly crude draw missed some forecasts. Traders said that the outlook looked volatile as a refined product glut and slowing economic growth weighed on markets while the risk of supply disruptions could tighten supplies. International Brent crude oil futures were trading at $46.95 per barrel at 0027 GM
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