Oil prices up in thin pre-Christmas trade

Oil prices increased on Tuesday, fueled by positive U.S. economic data and growing oil demand in India. Brent crude futures rose to $72.95 a barrel, and U.S. West Texas Intermediate crude futures climbed to $69.53 a barrel. Demand for U.S. manufactured goods and homes strengthened, suggesting robust economic conditions. Rising oil imports by India further supported the market.