Singapore – Oil prices recorded a new rise in early trading on Tuesday, continuing their climb for the second consecutive session, amid signs of improving global demand and continued optimism in the markets.
Data showed that Brent crude futures rose by 14 cents, or 0.2%, to $63.31 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude recorded an increase of 18 cents, or 0.3%, to reach $59.50 a barrel.
Traders noted that trading was cautious, as investors await upcoming economic data in global markets, which could affect price trends in the coming period.