Oil market rebound; An effort made by Nigeria and Saudi Arabia

 A rebound means a recovery. In Financial terms,a rebound means a recovery from a prior negative activity. For a security, a rebound means that it has moved higher from a lower price. For the general economy,a rebound means that economic activity has increased from lower levels, like a bounce back from recession. Nigeria and the Kingdom of Saudi Arabia, (KSA) have expressed commitment to a stable oil market and a rebound of oil price.
At an elaborate bilateral meeting between the two countries in Riyadh hosted by the monarch, the two leaders were united on the fact that their two economies are tied to oil and that all could not be well with both countries when then the world oil market is unstable. They, therefore, resolved to commit themselves to doing all that was possible to stabilize the market and rebound the oil price.
The two leaders who engaged in extensive discussions on regional and global issues also agreed that terrorism posed a common threat to their states and would require close cooperation to prevail over the threats.