Asia demand for W.Africa oil rebounds to 1.3 mln bpd

Asian demand for West African crude oil rose sharply to 1.3 million barrels per day in September, rebounding from a multi-year low reached the previous month, traders said on Monday.

The recent decline in ICE Brent crude futures, used as the benchmark in valuing West African grades, provided the financial incentive for Asian refiners to return to their usual purchasing levels.