Oil hits 5-week top on geopolitical tensions, strong demand
Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a US missile strike on Syria and a shutdown at Libya's largest oilfield.
Additional support also came from expectations of strong demand as the US summer driving season kicks in.
The international benchmark for oil prices, Brent crude futures, climbed to their highest since March 7 at USD 56.16 a barrel. Brent was trading up 9 cents, or 0.2 percent, at USD 56.07 per barrel by 0135 GMT.
US West Texas Intermediate (WTI) was trading 6 cents higher, or 0.1 percent, at USD 53.14 a barrel after climbing to a five-week high of $53.23 a barrel earlier in the session.
Brent is up for a seventh consecutive session, while WTI has risen for six straight days.
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