Oil prices extended their gains on Tuesday. The Israeli military claimed to have conducted strikes against Hamas leadership in Qatar's capital Doha, escalating regional conflicts.
Brent crude contracts rose $0.37, or 0.56%, to close at $66.39 per barrel.
New York Mercantile Exchange October delivery West Texas Intermediate (WTI) crude contracts gained $0.37, or 0.59%, to settle at $62.63 per barrel.
Both major crude contracts had already been trending higher, supported by factors including: OPEC+'s latest oil production increase falling short of expectations, market anticipation that multiple countries will continue building oil reserves, and concerns over potential new sanctions against Russia.