New York - (Saba):
Oil prices climbed during trading on Tuesday, as investors moved to seize opportunities following a decline in black gold prices on Monday.
Futures for U.S. crude, West Texas Intermediate (WTI), for delivery in May rose by 1.20% to $63.84 per barrel.
Meanwhile, futures for the global benchmark Brent crude for June delivery increased by 1.19% to $67.05 per barrel.
The rise in today’s trading came despite ongoing concerns about the economic impact of tariffs and U.S. monetary policy, which could weaken fuel demand.