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Brent crude oil rises in early trading

Brent crude oil rises in early trading
Photo Credit: Arabianeye-Reuters

Cairo-Mubasher: Brent crude oil prices rose in in early Asian trading on Tuesday, tracking firmer global markets.

ICE Brent crude oil futures prices for April delivery increased by 6781 cents at 7:45 GMT to $60.35 per barrel, a decline of $61.71.

West Texas crude oil prices for April delivery steadied at $49.60 a barrel.

Brent futures fell 5%, its most in a month, on Monday as record stocks and speculation of a nuclear deal with Tehran could lift Iran's sanctions and boost its oil exports brought worries about high supplies back to the market.