Oil rebounds after previous session's slide, but glut worries persist

NEW YORK (Reuters) - Oil prices rose more than 1 percent on Wednesday, recovering from the lowest levels in months, after U.S. government data showed strong demand for gasoline and diesel, but gains were limited by concern over rising global crude supply.Brent crude futures rose 51 cents to $63.04 a barrel by 11:12 a.m. EST (1612 GMT). U.S. West Texas Intermediate (WTI) crude futures gained 96 cents to $54.39 a barrel.U.S. crude stocks rose 4.9 million barrels last week, the Energy..