Oil Price in International Market- December 24, 2024

Oil prices were up on Tuesday, reversing the prior session’s losses on a brightening short-term market outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays.

Brent crude futures were up 88 cents, or 1.2%, at $73.51 a barrel, while U.S. West Texas Intermediate crude futures also rose 91 cents, or 1.3%, to $70.15 a barrel by…