Oil rose towards $102 a barrel on Tuesday, rebounding from a three-week low, as investor concern eased about a liquidity crunch in China and as Canadian pipeline closures threatened exports to the United States.
Chinese central bank officials sought to reassure investors liquidity would be kept at an appropriate level to support growth, and two Federal Reserve officials on Monday downplayed the notion of an imminent end to monetary stimulus, in comments that supported equities and commodities.
Brent crude gained 64 cents to $101.80 a barrel by 0932 GMT, after reaching a three-week low of $99.67 on Monday. U.S. oil rose 60 cents to $95.78.
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