💨 Abstract

Oil prices rose on Tuesday, supported by US economic data and increased oil demand in India. Brent and WTI crude futures increased due to strong demand for machinery and new home sales in the US. Traders are looking for indications of US demand from the American Petroleum Institute's stockpiles data later on Tuesday. Analysts expect a decrease in crude inventories. Meanwhile, India's crude oil imports rose 2.6%

Courtesy: theprint.in