Oil Rises on China Outlook, Supply Worries After Turkey Earthquake

Oil Rises on China Outlook, Supply Worries After Turkey Earthquake
Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang Province, China, on Dec. 7, 2018. Stringer/Reuters
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Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey.

Brent crude futures were up $1.78, or 2.2 percent, to $82.77 per barrel at 1042 GMT, while West Texas Intermediate U.S. crude futures rose $1.74, or 2.4 percent, to $75.88 per barrel.