Oil Rebounds After Trade War Rout as Saudis Try to Calm Market
Kingdom reiterates confidence of OPEC+ action beyond June
WTI rises 1.7% to $54.39 after plunging 5.5% on Friday
By Tsuyoshi Inajima and Grant Smith
Oil rose as Saudi Arabia offered reassurance that OPEC will keep global crude markets in balance after concerns over the U.S.-China trade dispute triggered the steepest monthly slump this year.