India, Oct. 27 -- Oil prices rose slightly on Tuesday as investors waited for the outcome of diplomatic talks in Tehran, Iran. Renewed attacks by Yemen's Houthi group on Saudi Arabia also raised concerns about risks to oil supplies.

Brent crude futures rose by 45 cents, or 0.39%, to $116.26 a barrel by 0918 GMT on Tuesday. US West Texas Intermediate (WTI) crude futures increased by 40 cents, or 0.39%, to $102.16 a barrel, Reuters reported.

Both Brent and WTI crude had traded around 1% lower earlier in the session before recovering their losses and moving into positive territory. Officials from Saudi Arabia, Turkey and Pakistan met Iranian officials in Tehran on Monday. The talks aimed to reduce tensions in the Middle East, Reuters repor...