Oil prices rose by more than $2 on Tuesday on tensions in the West Asia and reduced Libyan output, but were yet to fully recovered from steep losses earlier this week.
Brent crude futures rose by $2, or 2.63%, to $78.12 a barrel at 1312 GMT, while U.S. West Texas Intermediate crude futures gained $2.09, or 2.95%, to $72.86 a barrel.
Tensions in the West Asia and an ongoing supply outage in Libya offered support to prices on Tuesday, analysts said.
Some major shipping firms are still avoiding the Red Sea due to attacks by Yemeni Houthi militants, which have targeted vessels to show their support for Hamas in its war with Israel.
