Oil prices rise amid strong economic expectations

Oil prices rose, during trading today, Tuesday, in light of expectations of strong demand levels for crude, with the continued recovery of the global economy.

US crude futures “West Texas Intermediate” rose 0.60% to $83.81 a barrel.

Brent crude futures rose 0.75% to $86.92 a barrel, according to Bloomberg website data.

Besides expectations, investors remain concerned about the impact of geopolitical tensions related to Ukraine on energy supply to the markets.

Markets are awaiting the US Federal Reserve’s (central bank) meeting, which will be held later today, amid expectations that the meeting will pave the way for the start of raising interest rates.