Brent crude rose US28 cents to settle at $41.72 a barrel. U.S. West Texas Intermediate crude (WTI) for October, which expires Tuesday, settled up 29 cents to $39.60
NEW YORK: Oil prices settled slightly higher on Tuesday ahead of weekly U.S. inventory figures, rebounding modestly from the previous day's selloff that was driven by a surge in overseas coronavirus infections.
Analysts said renewed lockdown restrictions in Europe will have only a limited impact on fuel demand, which could prevent a pronounced selloff in oil markets. With major oil-producing nations still restricting supply, the market has been locked in a range for most of the summer.
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