Oil prices ticked up Tuesday morning, as geopolitical risks to supply continued to bolster the market.
May West Texas Intermediate crude added 35 cents, or 0.5%, to $65.90 a barrel on the New York Mercantile Exchange. The contract has been confined to small changes since it settled at $65.88 Friday, the highest finish for a front-month contract since Jan. 26, according to FactSet data. It rose roughly 5.6% for last week.
May Brent crude rose 44 cents, or 0.6%, to $70.56 a barrel on ICE Futures Europe. It has traded mostly above $70 a barrel since clearing that marker on Friday for the first time since late January.
Source : Marketwatch