Oil Prices Recover Ground Amid Iranian Sanctions Assessment
Oil prices rebounded on Tuesday after plummeting more than 2% in the previous session.
The recovery came as investors assessed the impact of the latest US sanctions against Iran, which had weighed heavily on oil markets the day before.
Brent crude futures rose by $0.27 (0.3%) to $92.44 a barrel, while US West Texas Intermediate crude was up $0.37 (0.4%) at $85.38.