Oil prices edged higher on Tuesday, finding steady ground after tumbling more than 3 percent in the previous session when US President Donald Trump called on OPEC to ease its efforts to boost the market.
International Brent futures were at $64.95 a barrel at 0108 GMT, up 20 cents, or 0.3 per cent, from their last close. Brent fell 3.5 percent on Monday when prices hit $64.54 a barrel – the lowest since February 15. US West Texas Intermediate (WTI) crude futures were at $55.54 per barrel, up 5 cents, or 0.1 per cent. WTI futures fell 3.1 per cent on Monday to touch $55.08 a barrel, also the lowest since February 15.
