Due to supply concerns amid the escalating conflict in the Middle East, stronger data from the services sector in the United States, and production cuts at Libya’s Sharara oil field, oil prices rose more than 1% today, Tuesday, recovering losses from the previous session.
Brent unrefined prospects arrived at 97 pennies, or 1.27 percent, to $77.27 a barrel by 03:54 GMT, while US West Texas Middle rough fates rose $1.14, or 1.56 percent, to $74.08.
Yesterday, Monday, both benchmarks experienced a 1% decline against the backdrop of falling global stock markets.
