International oil prices rebounded sharply on Thursday, with Brent crude oil futures and US crude oil futures both soaring by more than 10%, recovering the huge lost ground during the global market turmoil earlier this week, which benefited from market speculation that Venezuela called for an emergency meeting of the Organization of Petroleum Exporting Countries, the global stock market rebound and the slowdown in supply, which gave birth to a short covering-style rebound.

The Wall Street Journal reported that Venezuela contacted members of the Organization of Petroleum Exporting Countries and urged an emergency meeting with Russia to work out a plan to curb the sharp drop in oil prices.

Brent crude oil futures price closed up 4.42 USD on Thursday, up 10.25% to 47.56 USD/barrel; NYMEX crude oil futures prices in the United States closed up $3.96, or 10.26%, at $42.56/barrel on Thursday.

The surge in China's stock market eased the market's worries about the country's economy, and promoted the general rise of commodities after this week's selling. On Thursday, the Shanghai Composite Index closed up 5.3%. On Wednesday, the US stock market broke the trend of falling for six consecutive days, creating the biggest one-day gain in nearly four years. Analysts said that the rise of securities assets supported the general rise of so-called risky assets such as oil and copper.