NEW YORK, July 18 (Xinhua) -- Oil prices rebounded on Tuesday as reports said Saudi Arabia is considering further limiting crude oil exports.
Saudi Arabia will probably cut its crude oil exports by up to 1 million barrels a day, the Financial Times reported on Tuesday, citing a consultant at Petroleum Policy Intelligence.
Meanwhile, weaker U.S. dollar made the greenback-denominated oil more attractive for holders of other currencies.
The dollar index, which measures the greenback against six major peers, was down 0.55 percent at 94.608 in late trading.
The West Texas Intermediate for August Delivery added 0.38 U.S. dollar to settle at 46.40 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery gained 0.42 dollar to close at 48.84 dollars a barrel on the London ICE Futures Exchange.