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Brent Crude Futures Experience Slight Increase Amid Supply Speculations


London: Oil prices rose on Tuesday as markets awaited the possibility of additional supply. Brent crude futures climbed 28 cents, or 0.4%, to $64.15 a barrel, hovering near a two-month high reached in the previous session.

According to National Iraqi News Agency, U.S. West Texas Intermediate crude futures also rose 28 cents, or 0.5%, to $59.78, their highest level since December 8, which they reached earlier in the session. The market’s focus remains on potential shifts in supply, influencing these incremental price changes.