Oil prices climb globally amid supply disruption fears
Oil prices rose sharply on Tuesday as concerns grew over the stability of global supply chains.
Key Takeaways
AIOil prices rose on Tuesday as mounting concerns over potential supply disruptions unsettled global markets.
Brent crude futures increased by $3.30, or 3.63 percent, reaching $94.31 per barrel.
Similarly, US West Texas Intermediate crude gained $2.80, or 3.32 percent, to trade at $87.14 per barrel.
The surge comes as markets continue to monitor geopolitical developments and their impact on global oil supply flows.
