Oil prices rebounded today after Eurozone Ministers and the International Monetary Fund reached a deal to release fresh loans to debt-ridden Greece. The agreement eased concerns that Greece's problems could spiral out of control, shaking the global economy and denting oil demand. New York's main contract, West Texas Intermediate for January delivery, bounced 30 cents to 88.04 dollar a barrel in the morning. Brent North Sea crude, also for January, jumped 29 cents to 111.21 dollar.