– Oil prices rose on Tuesday, but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors’ faith in the ability of OPEC to rebalance the market.
Brent crude futures were up 20 cents at $49.54 per barrel at 0852 GMT, above a session low of $49.18, while U.S. West Texas Intermediate futures were up 21 cents at $46.64 per barrel.
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