TODAY OIL NEWS UPDATED BY (www.commoditybazaar.co)

Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a lid on gains, helped by a vow by the International Energy Agency (IEA) to take swift action to keep global oil markets adequately supplied.

Brent crude (LCO c1)¬†futures rose 12 cents, or 0.19%, to $63.38 a barrel by 0542 GMT. The international benchmark rose more than 1% in the previous session, following Iran’s seizure of a British tanker last week that stoked fears of supply disruptions from the energy-rich Gulf.

 

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