Oil prices rose by more than 1% on Tuesday, recovering after heavy selling in previous sessions due to concerns that U.S. tariffs might reduce demand and lead to a global recession.
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According to Bloomberg News, Brent crude futures increased by 81 cents, or 1.26%, reaching $65.02 per barrel, while U.S. West Texas Intermediate (WTI) crude futures rose by 92 cents, or 1.52%, to $61.61 per barrel.