Oil prices rebound slightly before US stockpiles dataLONDON -- Oil prices recovered slightly Wednesday from two-month lows, as traders looked ahead to U.S. energy inventory data for indications of demand in the world's biggest crude consumer. U.S. oil prices hit two-month lows Tuesday after the IMF lowered its global growth forecasts, citing the impact of Britain's vote to leave the European Union. Slower overall growth would likely dampen the expansion of crude oil demand. Price gains however were hobbled by concerns about a global oversupply of oil after the International Monetary Fund (IMF) lowered its growth forecasts for the world economy, traders said. The IMF said it expects the world economy to expand 3.1 percent this year, lower than it forecast in April.

Source: The China Post July 20, 2016 18:00 UTC