Oil prices edged higher on Tuesday, reversing some of the previous session’s losses, as the U.S. dollar eased, while weaker U.S. business activity data lowered expectations for more aggressive interest rate hikes in the world’s biggest economy.
International benchmark Brent crude futures gained 12 cents to $93.38 per barrel by 0008 GMT, while U.S. West Texas Intermediate crude futures rose 22 cents to $84.80 per barrel.
