Brent futures rose 12 cents, or 0.4%, to settle at US$27.15 a barrel. U.S. West Texas Intermediate (WTI) crude gained 65 cents, or 2.8%, to settle at $24.01.
NEW YORK: Oil prices rose modestly on Tuesday, but settled off the day's highs as the coronavirus pandemic's heavy toll on demand offset hopes for a forthcoming US$2 trillion U.S. economic relief package.
India, the world's third largest oil consumer, ordered its 1.3 billion residents to stay home for three weeks as of Tuesday, the latest big fuel user to announce restrictions on social movement that have destroyed demand for gasoline and jet fuel worldwide.
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