Brent Crude Rebounds to $108.03 a Barrel, Down 0.8% in 24 Hours

Brent crude briefly rebounded to $108.03 a barrel at 11:02 a.m. ET (15:02 UTC) on Oct. 9, but the benchmark remained down 0.8% over the previous 24 hours.

The move brought Brent back to the $108 level after a short-term decline. The latest price update follows a recent Brent crude rebound to $104 a barrel on Oct. 6, when the benchmark was also down 0.8% over 24 hours.