The world’s bloated oil inventories will subside more slowly than previously thought.
Brent crude was up 3.05%, or $1.08, at $33.83 at 9.30 am Nigerian time, having climbed up as much as 5% the day before.
Oil prices slumped on Monday morning in Asia as the Coronavirus pandemic continued to hurt demand while the price war between Saudi Arabia and Russia remained unresolved.
