After hitting a three-week low on Monday, oil prices rose early on Tuesday as the market hopes that still resilient oil demand in the West would offset weakness in its top consumer and top global crude importer, China. As of 9:23 a.m. EDT on Tuesday, the price of WTI Crude was at $67.32, up 1.26%, and Brent Crude was trading at $69.
74, up 1.01% on the day. On Monday, oil prices tumbled on concerns that the expanding targeted Chinese lockdowns and travel restrictions to fight the latest COVID outbreak would weigh on fuel demand in the world’s…Oil Prices Rebound From Three-Week Lows
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