Oil prices rise amid Hormuz tensions and OPEC+ supply changes
pre-market1 source ↓written by the desknot a recommendation
- WTI Futures rose
- 0.39%
- a barrel
- $68.82
- Oil Futures gained
- 0.38%
- a barrel
- $72.26
Oil prices increased on Tuesday as security concerns in the Strait of Hormuz countered expectations of higher global crude supplies. Crude Oil WTI Futures rose 0.39% to $68.82 a barrel, while Brent Oil Futures gained 0.38% to $72.26 a barrel. Traders remain vigilant amid ongoing geopolitical risks affecting shipping routes.
Not investment advice. For informational purposes only.