Oil Hovers Near 3-week High on Middle East Tensions, China Demand

Oil Hovers Near 3-week High on Middle East Tensions, China Demand
Oil drills are pictured in the Kern River oil field in Bakersfield, Calif., on Nov. 9, 2014. Jonathan Alcorn/Reuters
Reuters
Updated:
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LONDON—Oil prices edged lower on Tuesday but remained near three-week highs on heightened Middle East tensions and as China showed some signs of economic recovery.

Brent futures dipped 29 cents or 0.35 percent to $83.27 a barrel by 0912 GMT.