AFP, Singapore :
Oil prices pushed higher on Tuesday a day after slipping into a bear market, scraping back losses as bargain-buyers took advantage of a weaker dollar.
Crude dipped below $40 a barrel on Monday after US data pointed to an unexpected increase in commercial oil and gasoline supplies, adding to concerns about a lasting supply glut.
Oil settled down more than a fifth from its June highs in New York, meaning it is now in a bear market by the most common definition of the term.
Prices clawed back some of their losses on Tuesday after disappointing US GDP growth figures hurt the greenback, making dollar-priced oil cheaper for those using other currencies.
