Jason Kozlowski / EyeEm
- Oil prices rose for a second day Tuesday thanks to hopes that China's reopening will strongly boost demand.
- The gains come after the IEA's chief said OPEC+ may have to raise crude output to meet Chinese demand.
- The huge earthquake in Turkey halted flows at a key oil export terminal, raising worries about supply.
Oil prices gained for a second day Tuesday as investors grew hopeful about a recovery of demand in China, while the shutdown of a key terminal in Turkey after a massive earthquake raised worries about supply.