Oil futures rebounded some on Monday, after skidding 7% to a three-week low last week, but some analysts doubt bargain buying will be enough to hoist U.S. benchmark prices much above $50 a barrel near term.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in June was recently up 1% at $50.14 a barrel in the Globex electronic session. June Brent crude on London’s ICE Futures exchange gained 1% to $52.50.
