Oil prices rise for second session as US-Iran conflict fuels supply concerns

Oil prices today: Oil prices rose for a second consecutive session on Tuesday as concerns over potential disruptions to Middle East supplies due to the US-Iran conflict outweighed signs of recovering crude exports from the region.At 8:28 am IST, Brent crude was trading at $106.86 a barrel, up $1.58, or 1.50%, while WTI crude was at $93.86 a barrel, higher by $1.26, or 1.36%.Brent crude futures rose 63 cents, or 0.6%, to $105.91 a barrel by 7:30 AM IST while US West Texas Intermediate (WTI) crude was up 72 cents, or 0.8%, at $93.32.Crude exports from major Middle Eastern producers increased to 12.8 million barrels per day in September, the highest level since February, preliminary data from oil analytics firm Kpler showed on Monday.The increase was driven mainly by higher shipments from Saudi Arabia and the United Arab Emirates.However, the recovery in exports has done little to ease concerns about…