Oil recovers as traders’ risk appetite returns

Melbourne/Singapore — Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven dollar, which tumbled to multiyear lows.

Brent crude futures climbed 49c, or 1.1%, to $45.77 a barrel at 4.06am GMT. US West Texas Intermediate (WTI) crude futures rose 37c, or 0.9%, to $42.98 a barrel...

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