Oil prices gained Wednesday morning, rebounding from sharp losses in the previous session.
Markets reacted to concerns about tighter supplies from Russia and Libya.U.S. crude rose 78 cents to $103.34. Brent futures rose 59 cents to $107.87 a barrel.
Both benchmarks fell 5.2% in volatile trading on Tuesday after the International Monetary Fund slashed its forecast for global growth by nearly a full percentage point, also on Tuesday.
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