Oil prices rose on tuesday as renewed tensions in the middle east raised concerns about supply disruptions from a key global crude-producing region. brent crude futures rose 56 cents:roducing region. Brent crude futures rose 56 cents, or 0.6 percent, to $91.05 a barrel, while U.S. West Texas Intermediate crude gained 83 cents, or 1 percent, to $86.59.
According to National Iraqi News Agency, in the previous session, Brent settled 2.7 percent higher, after hitting its highest level since August 25, while U.S. crude rose 2.8 percent at settlement, reaching its highest level since August 21.