Oil rebounds as Kuwait strike enters third day

London

OIL prices recovered further on Tuesday as a strike by Kuwaiti petroleum workers entered its third day, outweighing disappointment over the failure of weekend talks to freeze output.

Prices had plunged early on Monday soon after news that Sunday's long-awaited meeting of major producers in Doha had collapsed, fanning worries about a persistent global oversupply.

However, the losses were pare…