Oil prices rose on Tuesday as investors were cautious ahead of key interest rate decisions and inflation data, but concerns about oversupply and slowing demand growth undermined gains.
Brent crude futures for February delivery rose 26 cents, or 0.3 percent, to $76.29 a barrel, while U.S. West Texas Intermediate crude futures for January delivery also rose 26 cents, or 0.4 percent, to $71.58 a barrel.
All attention will be focused on today's U.S. CPI data to determine the direction of U.S. policymakers at their next meeting.
Source (Al-Arabiya.net Website, Edited)
