The West Texas Intermediate for September delivery added 1.81 U.S. dollars, or 2.7 percent, to settle at 68.29 dollars a barrel on the New York Mercantile Exchange. Brent crude for October delivery increased 1.59 dollars, or 2.3 percent, to close at 70.63 dollars a barrel on the London ICE Futures Exchange.
On Monday, the U.S. crude benchmark and Brent dropped 2.6 percent and 2.3 percent, respectively, as traders worried about demand outlook amid a rapid spread of the Delta variant of COVID-19.
Traders awaited official data on U.S. fuel inventories as the Energy Information Administration (EIA) is set to release its weekly petroleum status report on Wednesday. Analysts surveyed by S&P Global Platts forecast the EIA publications to show a fall of 600,000 barrels in U.S. crude supplies for last week.
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