SINGAPORE (Reuters) -Oil prices were steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth.
Brent crude rose 4 cents to $82.77 a barrel at 0345 GMT, while U.S. West Texas Intermediate crude gained 6 cents to $78.82 a barrel.
Oil futures had risen more than 1% on Monday on optimism that holiday travel in China would increase fuel demand in the world’s second-biggest economy.
Bookings in China for trips abroad during the upcoming May Day holiday point to a continued recovery in travel to Asian countries.
