Investing.com - Crude prices edged away from nearly seven-year lows on Tuesday as China reported strong commodity imports despite economic weakness, but overall the market remained weak due to global oversupply compounded by OPEC's decision to keep output high.
Internationally traded Brent futures were up 1.23% at $41.23 a barrel at 0805 GMT.
U.S. crude was trading at $37.87 a barrel, up 0.6% from its last settlement and still close to the seven-year lows of the previous session.
Benchmark Brent and U.S. crude both fell over 6% the previous session to reach 2015 lows and are closing in on levels last seen during the credit crunch of 2008/2009.
On Friday the Organization of the Petroleum Exporting Countries failed to agree on an oil production ceiling to reduce a global supply glut that has cut prices by more than 60% since June 2014.