Oil prices picked up by weak Greenback

Source: WBP Online
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 by 07:53 AM GMT. 

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