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Al-Marsad newspaper – agencies: Oil prices rose, on Tuesday, compensating for losses incurred earlier in the session, as it outweighed the impact of the decline in global supplies and an expected increase in fuel demand during the summer travel season in the United States.
Brent crude rose 18 cents, or 0.2%, to $113.60 a barrel. West Texas Intermediate crude rose 11 cents, or 0.1%, to $110.40 a barrel, by 1222 GMT.
Oil has risen significantly this year, with Brent crude reaching $139 a barrel in March, its highest since 2008, following supply concerns increased in the wake of Russia’s invasion of Ukraine.
