Oil prices climbed on Tuesday, bolstered by a weaker U.S. dollar and supply woes, although gains were capped by the spectre of lower fuel demand from China as it persists with its stringent zero-COVID policy. Brent crude futures rose 82 cents, or 0.9%, to $92.44 per barrel by 0643 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.0%, to $86.32 per barrel. The U.S. dollar index – which measures the greenback against six major peers including sterling – sagged to its lowest since Oct. 6. A weaker dollar makes oil cheaper for buyers holding other currencies, making them more likely to make purchases. Following the steep production cut agreed on by OPEC+ – the […]