Urgent: Oil prices rebound before U.S. inventory data

Oil prices bounced back on Tuesday as traders expected U.S. crude stockpiles to decrease for another week.

The West Texas Intermediate for February delivery moved up 1.06 U.S. dollars to settle at 37.87 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery added 1.17 dollars to close at 37.79 dollars a barrel on the London ICE Futures Exchange. Endit