U.S. oil futures settled higher on Thursday, recouping about half of the loss from a day earlier that pulled prices below $80 a barrel. Crude-oil prices saw a modest rebound from recent lows as “markets try to draw a line between how strong future Chinese demand is likely to be, against a backdrop of tighter supply,” said Michael Hewson, chief market analyst at CMC Markets UK. West Texas Intermediate crude for September delivery CLU23, +0.93% climbed by $1.01, or 1.3%, to settle at $80.39 a barrel on the New York Mercantile Exchange.
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