LONDON—Oil prices bounced back on Tuesday, recovering some of the previous day’s losses, as growing tension in Eastern Europe and the Middle East fuelled concerns over possible supply disruptions in an already tight market.
Brent crude futures rose $1.21, or 1.5 percent, to $87.52 a barrel at 0946 GMT, reversing a 1.8 percent fall in the previous session. U.S. West Texas Intermediate (WTI) crude futures climbed $1.11, or 1.3 percent, to $85.42 a barrel, having slid 2.2 percent on Monday.
