Gasoline, China Stock Market Rebound Push Oil Higher

摘要

Oil rebounded sharply on Thursday from three-month lows hit earlier this week, with prices up nearly 3% as China's collapsing stock market steadied and oil traders remained uncertain about negotiations for a nuclear deal that would allow Iran to export more crude. Bets that gasoline demand will remain strong through the US summer driving season fueled some of the rally. Gasoline prices gained more than 2%.