Oil prices rebounded sharply after renewed military action in the Middle East and a larger-than-expected draw in U.S. crude inventories reignited supply concerns.

Oil prices fell as Middle East tensions eased, with crude oil reaching a new all-time high by September 30 at 6.2% YES.

(Bloomberg) -- Crude oil jumped and US equity-index futures fell after fighting erupted in the Middle East, reigniting tensions after several days of calm and reviving concerns…