Oil prices rose on Tuesday morning following gains in the previous trading session, driven by persistent doubts over an early resolution to the conflict in the Middle East, Report informs, citing Interfax.
By 09:14 (GMT+4), November futures for Brent crude on the London-based ICE Futures exchange gained $2.04 (1.94%) to reach $107.32 per barrel. On Monday, Brent closed higher by $0.96 (0.9%) at $105.28 per barrel.
At the same time, November futures for WTI crude on electronic trading at the New York Mercantile Exchange (NYMEX) rose by $1.65 (1.78%) to $94.25 per barrel. In the previous session, the contract grew by $0.19 (0.2%) to settle at $92.6 per barrel.
During Monday's trading, oil prices surged by more than 3% following statements by US President Donald Trump rejecting an Iranian plan for de-escalating tensions.