KONTAN.CO.ID - LONDON. Oil prices inched up on Tuesday as investors waited to see whether a Middle East trip by top U.S. diplomat Antony Blinken will bring a halt to the Gaza war, which has raised concerns about supplies from the major producing region. Brent crude futures rose 17 cents to $78.16 a barrel by 0704 GMT, while U.S. West Texas Intermediate crude futures climbed 16 cents to $72.94. Both contracts gained nearly 1% on Monday, rising for the first time in four sessions. "The signs of de-escalation in the Middle-Eastern crisis are missing and continue to extend some support to ailing oil prices," said Phillip Nova senior market analyst Priyanka Sachdeva.
Oil Steadies After Gains, Gaza Ceasefire Talks in Focus
KONTAN.CO.ID - LONDON. Oil prices inched up on Tuesday as investors waited to see whether a Middle East trip by top U.S. diplomat Antony Blinken will bring a halt to the Gaza war, which has raised concerns about supplies from the major producing region. Brent crude futures rose 17 cents to $78.16 a barrel by 0704 GMT, while U.S. West Texas Intermediate crude futures climbed 16 cents to $72.94. Both contracts gained nearly 1% on Monday, rising for the first time in four sessions. "The signs of de-escalation in the Middle-Eastern crisis are missing and continue to extend some support to ailing oil prices," said Phillip Nova senior market analyst Priyanka Sachdeva.