Oil prices rose slightly on Tuesday after tumbling more than 3% Monday, with WTI crude trading at $71.28 a barrel and Brent oil at $72.9 a barrel, as investors continue to monitor the potential impact of the delta coronavirus variant on demand. A preliminary Reuters poll showed that US crude and product inventories likely fell last week. Meantime, a flash reading showed that India’s daily gasoline consumption exceeded pre-pandemic levels in July. On Monday, the losses were driven by concerns over a slowdown in China’s economic recovery as factory activity grew less in July. Also, a survey found that oil output from the OPEC rose in July to its highest since April 2020, while Saudi Arabia phased out a voluntary supply cut.