New York October 22 2024: Oil prices rose for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle East ceasefire and focused on a tightening global supply and demand balance.
Brent crude futures for December settlement were up $1.61, or 2.2%, to $75.90 per barrel at 2:10 p.m. ET (1810 GMT). U.S. West Texas Intermediate futures for November delivery, which expire after Tuesday’s settlement, were up $1.54, or 2.2%, at $72.10 a barrel.
