Oil recovered to just above $50 a barrel on Tuesday after touching a six-month low in the previous session, although high global production and concern over the economic outlook in China weighed on the outlook.
The bounce came as a weaker dollar took the pressure off commodities which tumbled on Monday, with a global commodities price index sinking to a 12-year low.
By 0955 GMT, Brent crude LCOc1 was up 79 cents at $50.31and U.S. crude Clc1 gained 75 cents to $45.92. Brent fell to $49.36 at one point on Monday, its lowest since Jan. 30.
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