An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co, in the Irkutsk region, Russia on March 11, 2019. Vasily Fedosenko/Reuters
LONDON—Oil prices rebounded on Wednesday as a drop in U.S. oil inventories and concerns over tighter supplies from Russia and Libya drove a recovery from the previous session’s sharp losses.
Brent crude futures rose $1.46, or 1.4 percent, to $108.71 a barrel by 1139 GMT.
