Oil nudges higher as investors eye Middle East tensions, US rate cut – Markets

SINGAPORE: Oil prices nudged higher on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the US Federal Reserve would soon start cutting interest rates, lifting global economic growth and fuel demand.

Brent crude futures rose 26 cents, or 0.3%, to $79.33 a barrel by 0732 GMT while US West Texas Intermediate crude was at $73.72 a barrel, up 16 cents, or…