LONDON—Oil prices rebounded on Friday from losses of more than 1 percent the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default.
Brent futures rose 69 cents, or 0.9 percent, to $76.55 a barrel by 0923 GMT, while West Texas Intermediate U.S. crude climbed 56 cents, or 0.8 percent, to $72.42.
