Oil makes slight gains in Asia
Oil prices rose in Asian trade on Tuesday after falling around two dollars on worries over a deepening global financial crisis, dealers said.
New York's main futures contract, light sweet crude for December delivery, rose 68 cents to 55.63 dollars a barrel. The contract dropped 2.09 dollars to 54.95 at Monday's close of floor trading at the New York Mercantile Exchange.
Brent North Sea crude for January delivery rose 68 cents to 52.99 dollars. In London on Monday, Brent fell 1.93 dollars to settle at 52.31 dollars.
David Moore, commodities strategist with the Commonwealth Bank of Australia in Sydney, said there was no fresh news to move the market on Tuesday.
"It's really just the tail from what happened in last night's trading," he said.