TOKYO: Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains muted as surging COVID-19 cases around the world hurt the outlook for crude demand while supply is rising.
Brent crude was up 42 cents, or 1%, at $40.88 a barrel by 0651 GMT. U.S. oil gained 37 cents, or 1%, to $38.93 a barrel. Both contracts fell more than 3% on Monday.
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