Oil prices were higher today as China took steps to bolster is flagging economy. Investors remained worried however about the pace of growth and further US interest rate hikes. The focus today is on “China actions to support its economy, Tropical Storm Idalia heading for Florida and whether Brent can regain momentum on a break above $85,” said Ole Hansen, head of commodity strategy at Saxo Bank. Oil prices have remained above $80 a barrel with support from falling oil inventories and supply cuts from the OPEC+ group of oil producers. WTI traded up $0.45 or 0.6% to close at $80.28. Brent traded up $0.65 or 0.8% to close at $85.13.