Oil futures rebounded Tuesday after tumbling nearly 8% in the previous session. Crude oil for May delivery rose $1.12 to $49.53 a barrel in electronic trading on Globex. Oil prices tracked gains in most global equity markets. Dollar weakness also boosted dollar-denominated crude. On Monday, oil plunged 7.6%, marking the biggest one-day loss in nearly a month on rekindled concerns that a slow recovery in global growth will continue to weigh on energy demand.
