Oil prices today: Crude nears $104 as Middle East tensions persist
Global oil prices moved higher on Tuesday, recovering from a sharp drop in the previous session, as concerns over an escalation in the Middle East conflict and uncertainty around US-Iran diplomacy keeps the markets volatile.
Brent crude climbed toward $104 a barrel, while US benchmark West Texas Intermediate rose nearly 4%, reversing part of Monday’s steep decline triggered by US president Donald Trump delaying potential strikes on Iran’s energy infrastructure, according to Bloomberg.
