Oil prices were higher today as global tensions outweighed concerns about Chinese demand. On Monday, both crude contracts fell by more than $1 as a deepening real estate crisis in China fueled concerns over demand in the world’s biggest crude consumer, with a Hong Kong court ordering the liquidation of property company China Evergrande Group. “There’s still concerns about what we’ve seen in China, but the fundamentals, from a supply risk standpoint, are still very bullish,” said Phil Flynn, analyst with Price Futures Group. On the supply side, Saudi Aramco said it had received a directive from the Saudi energy ministry to maintain its maximum sustainable capacity at 12 million bpd and not to continue increasing it to 13 million bpd. WTI traded up $1.04 or 1.35% to close at $77.82. Brent traded up $.47 to close at $82.87.