Oil Prices Hold Ground After OPEC Lowers Demand Outlook, China Stimulus Limit Gains

OIL PRICE - NEW YORK. Oil prices steadied on Tuesday, recovering from a 5% drop over the previous two sessions, as investors absorbed OPEC's latest downward revision for oil demand and market's disappointment over China's latest stimulus plan.

Brent crude futures rose 50 cents, or 0.70%, to $72.33 a barrel, by 1343 GMT. U.S. West Texas Intermediate crude futures were up 49 cents, or 0.72% at $68.53 a barrel.