Singapore - Oil rebounded in Asia on Monday as speculators hunted for bargains following a sharp decline last week, but analysts said prices remain weighed by an oversupply.
US benchmark West Texas Intermediate (WTI) for April delivery was up seven cents to $50.88 while Brent crude for April gained 14c to $60.36 in midday trade.
WTI fell 4.66% and Brent tumbled 2.1% week-on-week last Friday, offering traders a buying opportunity.