India, Nov. 11 -- Oil prices traded higher on Wednesday after a two-day decline as fresh tanker attacks in the Strait of Hormuz raised concerns over global oil supplies.
Brent crude futures climbed 1.3 percent to $92.74 a barrel but held close to ten-week lows on signs of easing tensions between the U.S. and Iran, and reports suggesting that Middle Eastern oil shipments have nearly returned to prewar levels despite ongoing attacks on vessels in the Strait of Hormuz. WTI crude futures were up 0.9 percent at $86.85 a barrel.
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