Brent crude futures rose 57 cents, or 0.8%, to settle at US$70.15 a barrel, while US West Texas Intermediate (WTI) crude closed at US$68.33, up 40 cents, or 0.6%.
NEW YORK: Oil prices edged up to a two-week high on Tuesday on forecasts for less US oil production, renewed Houthi attacks on shipping in the Red Sea, worries about US tariffs on copper and technical short covering.
Brent crude futures rose 57 cents, or 0.8%, to settle at US$70.15 a barrel, while US West Texas Intermediate (WTI) crude closed at US$68.33, up 40 cents, or 0.6%.
