New Delhi, June 2 -- Oil prices retained most of the strong gains recorded in the previous session during early trading on Tuesday, 2 June, as uncertainty surrounding ceasefire negotiations between the United States and Iran and the possibility of the Strait of Hormuz reopening continued to support the market.

Brent crude futures rose 6 cents, or 0.06%, to $95.04 per barrel, while U.S. West Texas Intermediate (WTI) crude slipped 17 cents, or 0.18%, to $91.99 per barrel.

Both benchmarks had surged more than 5% in the previous session but trimmed their gains after US President Trump said he had received no information indicating that Iran was halting negotiations with Washington, while Israel had agreed to withdraw troops that were report...