Oil prices edge up on Middle East risk
Economy
- 13-02-2024, 10:54
INA-source
Oil prices rose on Tuesday on fears Middle East tensions could disrupt supply, but uncertainty about the pace of potential U.S. interest rate cuts and the ensuing impact on fuel demand capped gains.
Brent futures edged up 31 cents, or 0.4%, to $82.31 a barrel as of 0725 GMT. U.S. West Texas Intermediate (WTI) crude rose 36 cents, or 0.5%, to $77.28 a barrel.
Oil prices were near flat in Monday's trade, after gaining 6% last week.
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