Washington: Oil prices rose on Tuesday, as lingering fears of gasoline shortages due to the outage at the largest US fuel pipeline system after a cyber attack brought futures back from an early drop of more than 1 percent.
Brent crude futures rose 35 cents, or 0.5 percent, to $68.67 a barrel by 1:43 p.m. EDT (1743 GMT). US West Texas Intermediate (WTI) crude futures rose 49 cents, or 0.8 percent, to $65.41.Benchmark gasoline futures prices rose 1 cent to $2.14 a gallon.
On Monday, Colonial Pipeline, which transports more than 2.5 million barrels per day (bpd) of gasoline, diesel and jet fuel, said it was working to restore much of its operations by the end of the week.
