Oil Rebounds on China Demand Concerns in See-Saw Trading

A general view shows the oil refinery of the Lukoil company in Volgograd, Russia, on April 22, 2022. Reuters Photographer/Reuters

LONDON—Oil prices rose modestly in volatile trading on Tuesday as the market weighed concerns over Russian supply and Chinese demand.

Brent crude futures were up 41 cents, or 0.4 percent, at $102.73 a barrel at 1117 GMT, while U.S. West Texas Intermediate contracts were up 18 cents, or 0.2 percent, at $98.72 per barrel.