Oil prices continue to rise on expectations of limited supply from Russia

Oil prices were on track to gain for a second straight day on Tuesday after settling up more than a dollar on expectations of tighter supply driven by Russian production cuts and attacks on Russian refineries.

Brent crude rose 23 cents to $86.98 a barrel by 0118 GMT. US crude futures climbed 28 cents to $82.23.

Crude oil gained on supply side issues and continued Middle East tensions, according to a note from ANZ analysts.

Both contracts settled $1.32 higher in the previous trading session.