U.S. crude oil price rebounded on Thursday as Germany's lower house approved expanding the European Financial Stability Facility (EFSF), boosting market sentiment.

After Finland's parliament approved the bailout fund reform, German parliament voted for the plan that allows the EFSF to participate in the primary market and to recapitalize European banks. This approval set a milestone for EFSF's vote travel in euro zone countries, generating optimism among the investors. Markets were hoping that this reform could help solve Greece's debt crisis and stop the contagion within the currency bloc.

In U.S., improvement signs in the job market offered more upward momentum to crude prices. The U.S. Labor Department reported the initial jobless claims fell 37,000 to 391,000 in the week ending Sept. 24, hitting the lowest level since April 2. It was the first time that this number dipped below 400,000 since Aug. 6.

But the global economic outlook remained less positive, which was bearish to crude. The Citigroup on Thursday cut its global economic growth forecast for 2011 and 2012 again within one month, saying growth prospects "continue to deteriorate quickly".

Because of the weak economic outlook and rising output from Libya, investment bank Morgan Stanley slashed its forecast for Brent by 30 dollars to 100 dollars a barrel for 2012.

Light, sweet crude for November delivery rose 93 cents, or 1.15 percent to settle at 82.14 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for November delivery inched up 14 cents, or 0.13 percent to close at 103.95 dollars a barrel.

VietNamNet/Xinhuanet