Oil prices climb as Brent crude tops $110 per barrel
Oil prices rose on heightened regional geopolitical tensions, with Brent crude futures surpassing $110 and US crude also gaining ground.
Key Takeaways
AIOil prices rose on Tuesday, driven by escalating geopolitical tensions in the region.
Brent crude futures increased by $1.29, or 1.2 percent, reaching $110.11 per barrel. US West Texas Intermediate crude also gained 97 cents, or 1 percent, to settle at $98.12 per barrel.