NNA - Oil prices pared earlier losses to rise up during trade on Tuesday, helped by weakness in U.S. dollar, although gains were capped as concerns mounted over a potential U.S. recession and the impact of tariffs on global economic growth.

Investors are also closely monitoring OPEC+ plans as the producer group is set to bring its initial barrels to the market starting in April, awaiting further clarity on their strategy.

Brent futures rose 47 cents, or 0.68%, to $69.75 a barrel at 0936 GMT after falling in early trade. U.S. West Texas Intermediate crude futures climbed 42 cents, or 0.64%, to $66.45 a barrel after previous declines as well.

The dollar index (.DXY), opens new tab hit a four-month low, making oil less expensive for overseas buyers.

Both benchmarks closed 1.5% lower in the previous session.

Scaling back or abolishing punitive measures will ease the fears of economic contraction or inflation and halt the stock market slump, especially if coupled with a mutually acceptable Ukrainian-Russian peace deal, PVM analyst Tamas Varga said.--Reuters

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