The prices of oil futures continued to record gains on Tuesday amid the ongoing concerns about the global supply of the commodity.
The move came after Saudi Arabian Energy Minister Abdulaziz bin Salman Al Saud stated in an interview that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) might have to cut their oil production for a certain percentage amid the volatility in the market.
West Texas Intermediate (WTI) for settlements in October advanced by 3.84% at 10:20 am ET to sell for $93.72 per barrel. At that minute, Brent for the same month's deliveries rose by 3.29% to go for $99.56 per barrel.
