NEW YORK, April 21 (Xinhua) -- Crude prices rebounded Tuesday as U.S. stocks rose on Treasury Secretary Timothy Geithner's speech.
Wall Street advanced Tuesday after Geithner indicated that most banks have sufficient reserves to protect against possible losses, sparking a rebound in bank shares.
Traders are also focused on weekly petroleum inventory data that the Energy Information Agency will release Wednesday. Analysts expect a build of 3 million barrels in crude stocks.
Light, sweet crude for May delivery rose 63 cents to settle at 46.51 a barrel on the New York Mercantile Exchange.
In London, Brent prices lost 4 cents to settle at 49.82 dollars a barrel on the ICE Futures exchange.