Even though concerns remain about economic headwinds related to tariffs and U.S. monetary policy that could dampen fuel demand, oil prices rebounded on Tuesday as stock markets recovered.

The West Texas Intermediate U.S. crude contract for May, which expires on Tuesday, gained 67 cents, or 1%, to $63.75. Brent futures rose 59 cents, or 0.9%, to $66.85 per barrel at 14:23 GMT. The June WTI contract, which was more actively negotiated, gained 70 cents, or 1.1%, to $63.11

US equity index futures rose on Tuesday, rebounding from losses in the previous session when President Donald Trump repeated his criticisms of Federal Reserve Chairman Jerome Powell and said that the U.S. economy could slow down unless interest rates are not cut immediately. The Brent and WTI indices fell by more than 2% due to the fall in stocks on Monday and signs of progress in negotiations on the nuclear deal between the United States and Iran that helped ease supply concerns