Home / World News / Oil prices rise on supply disruption jitters as geopolitical tensions grow

Oil prices rise on supply disruption jitters as geopolitical tensions grow

Brent crude futures rose 48 cents, or 0.6%, to $86.75 a barrel at 0116 GMT, reversing a 1.8% fall in the previous session

Oil, Brent Crude, Oil Prices, Oil Companies

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2 min read Last Updated : Jan 25 2022 | 9:12 AM IST

Oil prices climbed on Tuesday, regaining some of the ground lost in the previous day's sharp losses, on concerns over possible supply disruptions amid rising geopolitical tensions in both Eastern Europe and the Middle East.

Brent crude futures rose 48 cents, or 0.6%, to $86.75 a barrel at 0116 GMT, reversing a 1.8% fall in the previous session.

U.S. West Texas Intermediate (WTI) crude futures climbed 34 cents, or 0.4%, to $83.65 a barrel, having slid 2.2% on Monday.

Oil prices reached seven-year highs last week, bolstered by tight worldwide supply and resurgent global demand.

"The market tone stays strong, supported by

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