SINGAPORE: Prices of crude oil and most other commodities rebounded in Asia on Tuesday but stayed under pressure following a global sell-off sparked by the faltering economy in China, the world’s top user of industrial metals and energy.
US benchmark West Texas Intermediate (WTI) for October delivery was trading at $38.92 in afternoon Asian trade after closing at $38.24 a barrel on the New York Mercantile Exchange, its first below-$40 close since February 2009.
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