Abu dhabi: Oil prices edged higher on Tuesday, but gains were limited as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects.
According to Emirates News Agency, Brent crude futures gained 28 cents, or 0.39 percent, reaching $72.29, while US West Texas Intermediate crude rose to $68.84 a barrel, up 29 cents, or 0.26 percent as of 0046 GMT. The market's response reflects a shift in focus towards the fundamentals of oil supply recovery and future demand, despite the backdrop of geopolitical developments in the region.
