Oil rebounds 1%; Brent at $84.89 barrel

emirates7 - Oil prices rebounded 1 percent on Tuesday from a plunge in the previous session.

Front-month Brent futures rose $1.12, or 1.3 percent, to $84.89 a barrel by 0355 GMT after dropping 7 percent in the previous session to a three-week low.

US West Texas Intermediate (WTI) crude was up ​77 cents, or 1 percent, at $81.11 after falling more than 5 percent in the previous session to stand at its ​lowest in nearly a week.