Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer,

Oil futures moved higher Tuesday, attempting to claw back steep losses suffered last week, with prices supported by a more upbeat prospects for Chinese demand and ongoing concerns that a broader Middle Eastern conflict that could threaten crude flows from the region.