Oil rebounds after plunge, world stock markets fall for fifth day
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NEW YORK (Reuters) - Oil prices rebounded on Wednesday on hopes for output cuts after a steep drop a day earlier, while a gauge of global stock markets fell for a fifth straight session as declines in tech and financial shares pressured Wall Street.Oil recouped some of the previous session's heavy sell-off, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. U.S. crude rose 1.53 percent to $56.54 per barrel and Brent was last at..