Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains muted as surging COVID-19 cases around the world hurt the outlook for crude demand while supply is rising. Brent crude LCOc1 was up 33 cents, or 0.8%, at $40.79 a barrel by 0751 GMT. U.S. oil CLc1 gained 28 cents, or 0.7%, to $38.84 a barrel. Both contracts fell more than 3% on Monday. A lack of progress on agreeing a U.S. coronavirus relief package added to market gloom, although U.S. House of Representatives Speaker Nancy Pelosi said on Monday she hoped a deal can be reached before the Nov. 3 elections. A wave of coronavirus infections sweeping across the United States, Russia, France and many […]