Brent crude rose 61¢ to above $113 on Tuesday as tensions heightened over Iran’s nuclear programme and unrest in Nigeria.
US crude was up 79¢ to $102.10 a barrel, reports Reuters.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The tensions over Iran’s disputed nuclear programme have led to Iran threatening to close the Strait of Hormuz, a critical shipping chokepoint for oil.
Gains were capped, however, by persistent worries about the strength of European economies, hightlighted by weak German data.
