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3 Min Read NEW YORK (Reuters) -Oil prices settled higher Tuesday on strong Chinese import data, but the rally was capped by concerns that pauses on the Johnson & Johnson vaccine could delay economic recovery and limit oil demand growth. FILE PHOTO: A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee/File Photo Brent crude oil futures settled up 39 cents, or 0.6%, at $63.67 a barrel, while U.S. crude oil futures gained 48 cents, or 0.8%, to $60.18 a barrel. Both contracts have recorded changes of less than 1% for five straight sessions. “We’ve been trading in a range, and need clear demand data and direction on U.S. inventories to break out of this trough,” said Phil Flynn, senior analyst at Price Futures Group in Chicago.

Ash sharqiyahSaudi arabiaCity ofUnited kingdomUnited statesJan harveyShadia nasrallaPhil flynnJessica jaganathanJessica resnick aultThomson reuters trust principlesSaudi aramcoOrganization of the petroleum exporting countriesPrice futures groupUs energy information administrationPetroleum exporting countries