Oil prices rose on Tuesday, reversing losses after Tehran and six global powers reached a landmark nuclear deal that left sanctions on Iran in place for now, continuing to limit its crude exports.
U.S. crude closed up 84 cents, or 1.6 percent, at $53.04 a barrel, bouncing back from a bottom of $50.38.
Front-month Brent crude futures were up 55 cents at $58.40 a barrel, having earlier hit a session low of $56.43.
The dollar's slide after unexpectedly weak U.S. retail sales for June also helped pare early losses in crude futures.
The oil market will be looking out next for an industry group report due later on Tuesday that will indicate supply-demand for U.S. crude. The American Petroleum Institute's report for last week will land ahead of official crude inventory data due on Wednesday from the U.S. government.