#weekly data

WTI Oil futures rise ahead of U.S. Supply Data

West Texas Intermediate oil futures rebounded from the previous session’s heavy losses on Wednesday, as market participants awaited the release of weekly supply data out of the U.S. later in the day to gauge the strength of oil demand from the world’s largest consumer.

On the New York Mercantile Exchange, crude oil for delivery in March rose by as much as $1.15, or 2.24%, to hit a daily high of…