Oil edges higher, but demand fears cap upside
Oil rose on Tuesday, paring sharp overnight losses, as the latest tropical storm in the Gulf of Mexico lost strength, but worries about fuel demand persisted with flare-ups around the globe in coronavirus cases.
Brent crude futures rose 27 cents, or 0.65%, to $41.71 a barrel.
U.S. West Texas Intermediate crude futures for October, due to expire on Tuesday, rose 29 cents, or 0.74%, to settle at $39.60 a barrel.
Reference: CNBC
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