Tue, 08 Sep 2015 08:26:06 GMT
Oil prices picked up by weak Greenback
Prices for oil were higher on Tuesday after a massive sell-off in the previous session, as the weaker US Dollar offered some support to the commodity. However, a persisting global oversupply and worries over a slowing Chinese economy limited gains on oil. Futures for WTI rose 1.15% to $44.76 per barrel, while Brent contracts gained 1.04% to $48.12 per barrel