Oil prices rebound on jitters about supplies

Associated Press Modified: October 9, 2012 at 7:16 am •  Published: October 9, 2012
Advertisement
;

Worry about supplies seemed to overcome bearish news from the International Monetary Fund, which cut its global growth forecast saying that advanced economies are at risk of recession and that the world economy will expand 3.3 percent this year, down from the estimate of 3.5 percent growth it issued in July.

In other futures traded in New York:

— Natural gas lost 0.9 cent to $3.394 per 1,000 cubic feet.

— Heating oil added 1.65 cents to $3.1608 per gallon.

— Wholesale gasoline was up 2.94 cents to $2.9225 per gallon.

___

Pamela Sampson in Bangkok contributed to this report.