Oil prices rose more than 1 percent on Tuesday, recovering from a heavy sell-off in previous sessions amid concerns that US tariffs could lead to a decline in demand and a global economic recession.
Brent crude futures rose 81 cents, or 1.26 percent, to $65.02 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 92 cents, or 1.52 percent, to $61.61 a barrel.
Oil prices fell 2 percent in Monday's session, approaching their lowest levels in four years, due to fears that tariffs imposed by US President Donald Trump could lead to a global recession and a decline in energy demand.
Source (Al-Arabiya.net Website, Edited)
