Oil prices continued to move higher in global trading on Tuesday, marking a second straight day of gains as markets reacted to changes in global supply and demand conditions.
Brent crude futures increased by 63 cents, or 0.6%, reaching $105.91 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures rose by 72 cents, or 0.8%, to $93.32 per barrel.
The continued rise reflects ongoing concerns about supply levels and growing attention to demand trends in major energy-consuming regions. Market participants are closely monitoring developments that could affect the balance between global oil production and consumption.
The latest gains extend the positive momentum seen in the previous session, with both benchmark crude prices benefiting from expectations of tighter market conditions and continued uncertainty surrounding global energy supplies.
