Oil prices rebounded Thursday, gaining more than $2 at times as traders questioned whether this week's two-day plunge signals a real turnaround or just a breather for the bulls. Light, sweet crude for August delivery was up $1.51 cents at $136.11 a barrel less than an hour after floor trading opened on the New York Mercantile Exchange. The contract earlier rose as high as $136.75 and dipped as low as $133.02.
Oil prices fell more than $10 over the previous two days on growing concerns that inflation and other economic concerns could reduce demand for crude.
A surprisingly large gain in oil and refined fuel inventories in the U.S. on Wednesday prolonged the sell-off, because it suggested more supplies were he
