Oil prices were steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth.
Brent crude rose 4 cents to $82.77 a barrel at 0345 GMT, while U.S. West Texas Intermediate crude gained 6 cents to $78.82 a barrel.
"Investors expressed optimism that Chinese holiday travel would boost fuel demand in the world's largest oil importer," said Leon Li, an analyst at CMC Markets. A weaker U.S. dollar can help global demand for oil by making it cheaper for holders of foreign currencies in other countries.
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