Oil prices inched higher on Tuesday, though gains were checked amid an escalation in the trade war between the United States and China.
Brent crude futures were at $70.27 a barrel at 0104 GMT, up 6 cents, or 0.1%, from their last close. Brent ended the previous session little changed.
U.S. West Texas Intermediate (WTI) crude futures were at $61.17 per barrel, up 12 cents, or 0.2%, from their previous settlement. WTI closed the last session steady on the day.
Analysts said the U.S.-China trade war was overshadowing the market, though market fundamentals provided some support.
Source : Reuters