Oil rises on expectations demand can survive new lockdowns

LONDON: Oil prices rose on Tuesday as analysts took the view that renewed lockdown restrictions would have only a limited impact on fuel demand, partly reversing a steep drop in prices the previous day.

Brent crude was up 62 cents, or 1.5%, at $42.06 per barrel at 1343 GMT.

U.S. West Texas Intermediate (WTI) crude for October, due to expire on Tuesday, rose 58 cents, or 1.5%, to $39.89. The more active November contract was up 57 cents, or 1.4%, to $40.11.