Oil prices rose on Tuesday, reclaiming some of the losses they had suffered in the prior session, Trend reports citing Xinhua.
The West Texas Intermediate for June delivery added 3.16 U.S. dollars, or 3.2 percent, to settle at 101.70 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased 2.67 dollars, or 2.6 percent, to close at 104.99 dollars a barrel on the London ICE Futures Exchange.
On Monday, the U.S. crude standard and Brent dropped 3.5 percent and 4.1 percent, respectively, as demand worries outweighed concerns over supply outages.