Oil prices are rebounding on Wednesday morning following a sharp selloff over the past two sessions.The Brent international benchmark gained 0.7% to trade at $66.66 a barrel, and West Texas Intermediate U.

Oil futures tumbled again Tuesday on hopes that the shaky ceasefire between Israel and Iran would reduce if not eliminate the risk any significant disruption to global energy markets. Gasoline futures fell,

Oil prices edged higher on Wednesday, finding some respite after plummeting in the last two sessions, as investors assessed the stability of a ceasefire between Iran and Israel.