Oil rebounds from a more than two week low

Oil futures on Tuesday recovered nearly all of the losses they suffered in the previous session as traders awaited weekly petroleum-supply figures and looked to the latest U.S. economic data for hints on the outcome of this week’s meeting of Federal Reserve policy makers.

October West Texas Intermediate crude CLV5, +0.70%  on the New York Mercantile Exchange rose 59 cents, or 1.3%, to settle at $44.59 a barrel. Prices fell 1.4% on Monday to settle at $44, their lowest since Aug. 27.

Meanwhile, October Brent crude LCOV5, +0.50%  on the ICE Futures exchange, which expired Tuesday, added 26 cents, or 0.6%, to $46.63 a barrel.

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