Yahoo! News :: Business

Oil rebounds above $88 after 8-month low (Reuters)

<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20081007/bs_nm/us_markets_oil"><img src="http://d.yimg.com/us.yimg.com/p/nm/20081007/2008_10_05t181719_450x337_uk_markets_oil.jpg?x=130&y=97&q=85&sig=T.uWejIWLJYGxZ.kC3vJqg--" align="left" height="97" width="130" alt="General view of the Tema oil refinery near Ghana's capital Accra in this file photo from March 28, 2005. (Yaw Bibini/Reuters)" border="0" /></a>Reuters - Oil rebounded above $88 a barrel on Tuesday, recouping some of the $6 losses that sent it to an eight-month low the previous day when investors bet the global economy would slip into recession and demand for fuels would sink.</p><br clear="all"/>