Oil Steady as China Reopening Is Balanced by Economic Concerns

Oil Steady as China Reopening Is Balanced by Economic Concerns
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Okla., on March 24, 2016. Nick Oxford/Reuters
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LONDON—Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a fuel demand recovery from top importer China.

Brent crude was down 30 cents, or 0.3 percent, at $87.89 a barrel by 1010 GMT. U.S. West Texas Intermediate (WTI) crude fell 35 cents, or 0.4 percent, to $81.27.