Crude oil prices recorded small gains in Tuesday’s trading, enough to rebound from lows over the past few weeks. The rebound came after President Trump said he plans to issue tariffs this week on imports from Canada and Mexico.
Plus, there was the issue of growing fears about weaker demand due to soft economy data from China.
West Texas Intermediate rose 60 cents or 0.82% to settle at $73.77 a barrel on the New York Mercantile Exchange.
Brent crude, the global standard, gained 41 cents or 0.53% to $77.49 per barrel.
Natural gas finished down 23 cents or 6.11% at $3.49.
Oklahoma energy stocks split on Tuesday’s trading with some, including Canoo Inc. at 10%, recording losses for the day. Others, like NGL Energy Partners had a nearly 5% gain.