Oil prices rose Tuesday but remained under pressure amid heightening trade tensions between the U.S. and China.
Brent crude, the global benchmark, was up 0.5% at $67.98 a barrel on London’s Intercontinental Exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.5% at $63.35 a barrel.
Among refined products, Nymex reformulated gasoline blendstock—the benchmark gasoline contract—was down 2.70% at $1.97 a gallon. ICE gas oil, a benchmark for diesel fuel, changed hands at $610.00 a metric ton, down 0.49% from the previous settlement.