Energy Preview: WTI crude oil futures add to recent streak of gains amid ongoing uncertainty surrounding West Asia crisis

WTI crude oil futures accelerated gains on Tuesday morning in Asia amid ongoing uncertainty surrounding West Asia crisis. Markets continue to assess the reports that Qatari mediators pledged to hold talks with the US and Iran in hopes of finding a peace deal to reopen the Strait of Hormuz. Meanwhile, uncertainty in the Middle East and worries about ongoing supply disruptions could boost the WTI price in the near term. Currently, the counter was quoting at $93.92 per barrel, up 1.43% n the day while Brent was quoting higher by 1.6% at $106.90 a barrel.

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