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Oil price futures rebound from the highest in several months
Crude oil futures fell during the Asian session on Wednesday, to witness the rebound of Nymex crude for the second session since July 13 and Brent crude for the second consecutive session since May 24.
US crude futures for November delivery fell 0.67% to trade at $ 69.40 a barrel, compared with the opening at $ 69.87 a barrel.
Brent crude futures for November delivery fell 0.31% to trade at $ 77.93 per barrel compared to the opening at $ 78.17 a barrel, while the dollar index fell 0.10% to 95.35 compared to the opening at 95.44.
Global markets are eyeing the US economy, the world's largest economy, from the trade balance, which could reflect a widening deficit to $ 50.2 billion from $ 46.3 billion in June.
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