Oil rebounds 1%; Brent at $84.89 barrel

Oil prices rebounded 1 percent on Tuesday from a plunge in the previous session.Front-month Brent futures rose $1.12, or 1.3 per cent, to $84.89 a barrel by 0355 GMT after dropping 7 per cent in the previous session to a three-week low.US West Texas Intermediate (WTI) crude was up ​77 cents, or 1 per  cent, at $81.11 after falling more than 5 per cent in the previous session to stand at its ​lowest in nearly a week.WAM