Singapore — Oil prices rebounded on Tuesday on reports that production at the world’s largest oil producers fell during the third quarter, though a resumption in Saudi supply and demand concerns continued to keep a lid on prices.

December Brent crude futures rose 51c, or 0.86% to $59.76 a barrel by 4.26am GMT, while US West Texas Intermediate (WTI) crude for November was up 52c, or 0.96%, at $54.59 a barrel...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now