Oil prices rise in thin pre-holiday trade – Markets

LONDON: Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday.

Brent crude futures were up 74 cents, or 1%, at $73.37 a barrel, and U.S. West Texas Intermediate crude futures also rose 74 cents, or 1.1%, to $69.98 a barrel by 1400 GMT.

FGE analysts said they…