Oil prices rose more than two per cent on Tuesday, extending a retreat from a 15-month low hit the previous day, as the rescue of Credit Suisse allayed concerns of a banking crisis that would hurt economic growth and cut fuel demand.

Oil rises 2% in retreat from 15-months low as banking fears subside

Oil prices rose on Monday as expectations of strong demand and a belief that a key producer group will not turn on the spigots too fast helped reverse initial losses caused by the release of fuel reserves by China, the world's biggest energy consumer.

Oil rises on demand outlook, despite China fuel reserves release

Crude oil is trading at the highest since late 2014, underpinned by a supply-cutting deal among the Organization of the Petroleum Exporting Countries plus Russia and other non-members, and strong global demand

Oil rises towards $80 as supply concerns mount

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Oil rises 2% in retreat from 15-months low as banking fears subside

Oil rises on demand outlook, despite China fuel reserves release

Oil rises towards $80 as supply concerns mount