Oil price up, rebounds on China's plans to support economy

Brent crude futures LCOc1 settled up $2.67, or 2.6%, at $104.99 a barrel, while U.S. West Texas Intermediate CLc1 contracts were up $3.16, or 3.2%, at $101.70.

HOUSTON: Oil prices settled higher on Tuesday, rebounding in volatile trading as the market weighed China's plans to support its economy against a possible coronavirus lockdown in its capital Beijing.

Brent crude futures LCOc1 settled up $2.67, or 2.6%, at $104.99 a barrel, while U.S. West Texas Intermediate CLc1 contracts were up $3.16, or 3.2%, at $101.70.