Oil prices rose Tuesday, marking the third consecutive gain as tensions increased in the Middle East following U.S. strikes on Iran-backed Houthi rebels in Yemen.
WTI crude rose 1.5% to $68.60 per barrel, while Brent crude increased 1.4% to $72.07.
The market is also watching President Trump’s scheduled call with Russian President Putin regarding a potential Ukraine cease-fire, which could impact energy markets if Russian energy flows resume.