Oil prices gain as focus shifts to supply recovery, demand

WORLD CAPITALS, (UrduPoint / Pakistan Point News / WAM - 07th Jul, 2026) Oil prices edged higher on Tuesday, but gains were limited as traders looked beyond easing geopolitical tensions in the middle East and turned their attention to ​supply increases and demand prospects.

Brent crude futures gained 28 cents, or 0.39 percent, ‌to $72.29, and US West Texas Intermediate crude rose to $68.84 a barrel, up 29 cents, or 0.26 percent as of 0046 GMT.