Oil prices tick up on bargain hunting as demand worries weigh

LONDON: Oil prices ticked up on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s plunge.

But gains were limited as investors remained cautious ahead of key policy decisions by central banks and on weak economic data from China.

Brent crude futures climbed 80 cents, or 1.1%, to $72.64 a barrel by 0825 GMT. U.S. West Texas Intermediate (WTI) crude was at $67.64 a barrel, up 52 cents, or 0.8%.