Oil prices fluctuated amid a slump in China's economy and support for Opec's crude cuts
Oil prices mixed on Tuesday under the weight of the economic downturn, especially in China, yet prices are still supported by continued OPEC-led supply cuts and US sanctions on Iran and Venezuela.
By 1230 GMT, London Brent crude was up 21 cents, or 0.3 percent, at $ 69.90 a barrel from the previous close, when Brent rose 2.1 percent.
US West Texas Intermediate crude futures were at $ 59.03 a barrel. Contracts were not traded Monday due to a public holiday in the United States, but increased 40 cents, or 0.7 percent, from the previous close on Friday.
Traders said crude prices were under pressure from China's economic slowdown as a result of the ongoing trade war with the United States, which is also expected to affect fuel consumption.
But the supply cuts led by the Organization of Petroleum Exporting Countries (OPEC) since the beginning of the year have kept prices down even further.
OPEC is scheduled to meet with its allies, including Russia, on June 25-26 to discuss production policy.