Brent and WTI crude futures see a modest uptick as investors grapple with the potential fallout of Israel's war in Palestine on the oil-exporting region.
Both indicators dropped over 2% on Monday amid diplomatic endeavors in the Middle East / Photo: AP Archive.
Brent crude futures climbed 57 cents, or 0.6%, to $90.40 a barrel by 0321 GMT, while US West Texas Intermediate crude futures increased 54 cents, or 0.6%, to $86.03 a barrel. Both benchmarks fell more than 2% on Monday as diplomatic efforts in the Middle East, the world's biggest oil-supplying region, intensified to contain the conflict between Israel and Hamas, easing investor worries about supply disruptions.
But Israel continued and intensified its bombardment of Gaza on Monday after launching air strikes over southern Lebanon overnight.
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