Oil prices edged higher in early trade on Tuesday after falling in the previous session as investors took stock of a potential ceasefire between Israel and Hezbollah, weighing on oil’s risk premium.
Brent crude futures rose 15 cents, or 0.21 per cent, to $73.16 a barrel as at 0705 GMT, while US West Texas Intermediate crude futures were at $69.09 a barrel, up 15 cents, or 0.22 per cent.
Both
