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MW: Crude futures rebound from Monday's drop
 
By Polya Lesova

NEW YORK (MarketWatch) -- Crude futures bounced back Tuesday, recovering some ground after closing at an eight-month low in the previous session. Crude for November delivery rose $3.09 to $90.92 a barrel in electronic trading on Globex. "Crude prices were higher this morning amid technical buying and growing optimism global central banks may cut rates to ease fears, after the Reserve Bank of Australia slashed interest rates by 1%," said analysts at Sucden Research in a note. On Monday, crude closed at $87.81 per barrel on the New York Mercantile Exchange, down $6.07, or 6.5%.
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