India, April 22 -- Oil prices rebounded on Tuesday after slumping over 2 percent in the previous session amid concerns about U.S. tariffs, Fed policy uncertainty and signs of progress in U.S.-Iran talks.
Benchmark Brent crude futures rallied 1.4 percent to $67.17 a barrel in early European trade.
WTI crude futures were up 1.2 percent at $63.13 ahead of weekly reports from the American Petroleum Institute and the Energy Information Administration.
There was some short covering as the dollar remained under pressure after hitting a three-year low Monday on concerns about a potential recession.
It is feared that economic headwinds from tariffs and U.S. monetary policy could weigh on global growth and dent fuel demand.
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