U.S. oil prices rose 1.4 percent on Tuesday on optimistic mood from capital market and weaker U.S. dollars against main currencies.
The West Texas Intermediate (WTI) for September delivery picked up 0.92 U.S. dollar to settle at 67.35 dollars a barrel on the New York Mercantile Exchange.
International oil prices recorded growth for the fourth day in a row following significant drop in earlier days.
Market players continue to bet on tight supply from U.S. sanctions on Iran. The continuous weakening of U.S. dollar also bolsters the uptrend of oil prices.
Meanwhile, Brent oil prices for delivery in October also gained 0.58 percent with settlement price at 72.63 U.S. dollars per barrel on Tuesday.
The West Texas Intermediate (WTI) for September delivery picked up 0.92 U.S. dollar to settle at 67.35 dollars a barrel on the New York Mercantile Exchange.
International oil prices recorded growth for the fourth day in a row following significant drop in earlier days.
Market players continue to bet on tight supply from U.S. sanctions on Iran. The continuous weakening of U.S. dollar also bolsters the uptrend of oil prices.
Meanwhile, Brent oil prices for delivery in October also gained 0.58 percent with settlement price at 72.63 U.S. dollars per barrel on Tuesday.
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