Oil prices rebounded in Asian trading after a 3% drop in the previous session due to concerns over Middle East supply disruptions, despite weak manufacturing data from China. December Brent crude futures rose 0.74% to .10 a barrel, while January Brent futures climbed 0.73% to .98. U.S. West Texas Intermediate crude increased 0.81% to .98. The market is closely watching Israel's actions in the Middle East, as an escalation could tighten oil supply. Additionally, concerns persist over potential disruptions to Iranian oil flows due to U.S. sanctions, and uncertainty surrounds crude exports from Venezuela amid election-related issues.

Original Article: Oil rises as supply concerns offset weak China data