NEW YORK (Reuters) - Oil rebounded more than a $1 to over $90 a barrel on Monday as dense sea fog slowed crude imports into the Houston Ship Channel, the waterway to the busiest U.S. petrochemical port.
The gains reversed heavy losses last week that were triggered by fresh signs of economic weakness in the United States, the world's biggest energy consumer.
Oil climbs $1 as fog slows U.S. imports | Markets | Hot Stocks | Reuters