Mumbai, Nov. 3 -- Crude oil futures rebounded on Tuesday, gaining nearly 2% towards $98.60 per barrel after a steep selloff in the previous session, as reports of a US strike on Iran's Qeshm Island revived concerns over an escalation in the eight-month conflict and prolonged disruptions to Middle Eastern supplies. The recovery follows Monday's decline of more than 7% in the US benchmark, when signs of progress in US-Iran negotiations had eased fears of further supply disruptions and eroded the geopolitical risk premium. Meanwhile, investors are awaiting this week's US jobs report for fresh clues on labour market conditions and the Federal Reserve's policy outlook. On the MCX, November crude oil futures advanced nearly 3% to Rs.9,296 per bar...