Oil prices rebounded in Asia today as dealers consolidated positions and awaited the latest US stockpiles report for fresh leads following sharp falls due to a supply glut, analysts said. US benchmark West Texas Intermediate (WTI) for January delivery rose 89 cents to $ 67.77 while Brent crude for January gained 66 cents to $ 71.20 in mid-morning trade. WTI tumbled $ 2.12 in New York yesterday, while Brent fell $ 2 after Iraq announced plans to boost the country's crude oil exports after striking a deal with the autonomous Kurdish region.