US crude climbed to $98.85 a barrel today after investors took yesterday’s oil price dip as an opportunity to snap up greater quantities of crude.

US Crude gained 41¢ to $98.85, while Brent crude for July rose 12¢ to $111.54 a barrel.

Traders saw yesterday’s dip in oil prices as an opportunity to snap up cargoes amid expectations that concerns over supply from the Middle East would continue to support the market, reports Reuters.