Oil prices rise
World oil prices fall after solid gains, as dealers fretted again over swelling US crude inventories adding to the global supply glut. Photo: AFP
Oil prices rose on Tuesday, recouping earlier losses, as falling temperatures in China revived concerns about its ability to meet heating demand needs amid power and coal shortages.
Brent crude LCOc1rose 24 cents, or 0.3 per cent, to $84.57 a barrel by 0541 GMT after falling 0.6 per cent on Monday. The contract is still up nearly 7 per cent this month.
For all latest news, follow The Daily Star's Google News channel. US West Texas Intermediate futures CLc1gained 35 cents, or 0.4 per cent, to $82.79 a barrel, having risen 0.2 per cent in the previous session.
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