Oil prices rise by 1% amid anticipation of U.S. economic data
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Crude oil prices climbed by more than 1% on Tuesday, recovering some of the losses from the previous session amid a broad market sell-off. Investors are closely watching key U.S. economic data, including employment and inflation rates, along with the impact of tariffs on the global manufacturing sector, which could influence energy prices in the coming period.
As of 8:05 AM Eastern Time:
West Texas Intermediate (WTI) crude futures for April rose 1.26%, reaching $66.90 per barrel.
Brent crude for May delivery increased 1.27%, trading at $70.17 per barrel.
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