Oil rebounded in Asian trade today from heavy losses overnight after the International Energy Agency's decision to tap emergency reserves. New York's main contract rose 92 cents to 91.94 dollar a barrel in morning trade after plummeting 4.39 dollar, or 4.6 percent yesterday in New York. Brent North Sea crude added 64 cents to 107.90 dollar after plunging 6.95 dollar or 6.0 percent.