Oil extends gains as Middle East supply concerns persist

Oil rose Tuesday, extending gains for a second day, as worries over the Mideast conflict continuing for longer take hold, even as efforts to reduce tensions are reportedly underway. Futures for international benchmark Brent crude for November delivery gained 1.22% to $106.56 a barrel. U.S. West Texas Intermediate futures advanced over 1% to $93.57 per barrel. The U.S. and Iran are talking separately to mediators as part of renewed efforts to end the conflict. Citing Iranian Foreign Minister Abbas Araghchi, Al Jazeera reported that Tehran held indirect talks with the U.S. via Qatari mediators in New York.