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Brent oil up 1.22% after three-week low on August 10

Both benchmarks rose on Tuesday although demand growth is expected to be limited as COVID-19 cases worldwide continue to rise.

International benchmark Brent crude traded at $69.88 at 0656 GMT on Tuesday, posting a 1.22% rise from Monday when trade closed at $69.04 per barrel.

Brent picked up after seeing three-week lows that saw oil drop to as low as $67.60 on Monday.

American benchmark West Texas Intermediate (WTI) traded at $67.47 at the same time on Tuesday, increasing by 1.49% relative to $66.48 a barrel on Monday.

Investors and sector players are looking to the US, as the country will release oil supply data from the American Petroleum Institute and vote on the passage of a $1 trillion infrastructure bill later in the day.

If the $1 trillion infrastructure bill is passed, it could boost the economy and demand for oil products.

Source: Anadolu Agency