Oil Prices Rise on Bargain Hunting as Demand Worries Weigh

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 on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s plunge.

But gains were limited as investors remained cautious ahead of key policy decisions by central banks and on weak economic data from China.