Oil prices gain as focus shifts to supply recovery, demand

WORLD CAPITALS (WAM)

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.