Oil prices held near a two-week low on Tuesday after dropping about 5% over the past two sessions as investors absorbed OPEC's latest downward revision for demand growth, a stronger U.S. dollar and disappointment over China's latest stimulus plan.

Oil futures rose Tuesday, recouping some lost ground after back-to-back losses driven by worries about the prospects for demand out of China helped pull the U.S. benchmark back below the $70-a-barrel threshold.

Technical analysis suggests that oil prices are eyeing a bounce but could face resistance around $74.00 and $76.35. Click to read.