LONDON—Oil prices edged higher on Tuesday following a more than 1 percent drop in the previous session as escalating tensions in major producing region the Middle East fuelled supply concerns, though a bleak Chinese economic outlook limited gains.
March Brent crude futures, which are due to expire on Wednesday, rose 8 cents, or 0.1 percent, to $82.48 a barrel by 1059 GMT. The more active April contract rose 13 cents, or 0.2 percent to $81.96. U.S. West Texas Intermediate crude was up 24 cents, or 0.3 percent, at $77.02 a barrel.
