Abu dhabi: Global crude benchmarks extended their upward momentum on Tuesday, supported by escalating geopolitical friction in the Middle East that fueled supply disruption anxieties across key energy corridors. Brent crude futures gained 56 cents, or 0.6%, reaching $91.05 a barrel, while US West Texas Intermediate (WTI) rose 83 cents, or 1%, to hit $86.59. Both benchmarks surged in the previous session-with Brent settling 2.7% higher and WTI jumping 2.8%-marking their highest valuations since late August.

According to Emirates News Agency, the recent price increase is primarily driven by concerns over potential disruptions in oil supply due to the rising tensions in the Middle East. The region, a critical hub for global oil production and distribution, remains a focal point for investors and traders who are closely monitoring any developments that could impact the flow of crude.

The increase in crude prices reflects market apprehensions about future oil supplies, as geopolitical instability often leads to uncertainties in production and export activities. As the situation in the Middle East continues to evolve, stakeholders are likely to remain vigilant, keeping an eye on any shifts that could further influence oil markets worldwide.