Key Points
LONDON (Reuters) -Oil prices maintained upward momentum on Tuesday as investors awaited the result of top U.S. diplomat Antony Blinkens efforts in the Middle East to halt the Gaza war and quell tensions in a major oil-producing region...
Brent crude futures gained 55 cents to $78.54 a barrel by 1224 GMT, while U.S. West Texas Intermediate crude futures rose 48 cents to $73.26..
The signs of de-escalation in the Middle-Eastern crisis are missing and continue to extend some support to ailing oil prices, said Phillip Nova senior market analyst Priyanka Sachdeva...
At the same time, the United States continued its campaign against Iran-backed Houthis in Yemen, whose attacks on shipping vessels have disrupted global oil trading routes..
Five analysts polled by Reuters estimated on average that crude inventories rose by about 2.1 million barrels in the week to Feb. 2...
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