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Oil continues upward movement with Gaza ceasefire talks in focus; Brent at $78/bbl

Oil prices gain with Gaza ceasefire talks in focus

Oil prices gain with Gaza ceasefire talks in focus
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Brent, US crude futures climb on supply forecast

Brent, US crude futures climb on supply forecast
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Oil gains as Gaza ceasefire talks in focus

Oil prices maintained upward momentum on Tuesday as investors awaited the result of top U.S. diplomat Antony Blinken's efforts in the Middle East to halt the Gaza war and quell tensions in a major oil-producing region. Brent crude futures gained 55 cents to $78.54 a barrel by 1224 GMT, while U.S. West Texas Intermediate crude…

Oil gains on tighter supply prospects, Gaza ceasefire talks in focus

Brent crude futures gained 87 cents, or 1.12%, to $78.86 a barrel by 10:49 a.m. CST while US West Texas Intermediate crude futures rose 88 cents, or 1.21%, to $73.68. Both contracts gained nearly 1% on Monday, rising for the first time in four sessions.

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