Oil prices rose on Tuesday, reversing the previous session's losses, supported by a slightly positive near-term market outlook, despite thin trading ahead of the Christmas holiday.
Brent crude futures rose 42 cents, or 0.6%, to settle at $73.05 a barrel, and U.S. West Texas Intermediate crude rose 38 cents, or 0.6%, to settle at $69.62 a barrel by 0742 GMT.
Changes in supply and demand in December have supported their less bearish outlook so far, analysts said in a note.
A plan by China, the world's biggest oil importer, to issue 3 trillion yuan ($411 billion) worth of special bonds next year, as Beijing ramps up fiscal stimulus to revive its faltering economy, also supported prices.
Source: Investing.com
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