Data from the US Department of Energy showed that crude oil inventories in the US Strategic Petroleum Reserve decreased by about 1.2 million barrels to reach 285.4 million barrels last week, which is their lowest level since November 1982.

This decrease comes within the framework of a US agreement to withdraw 172 million barrels of stock.

Today, Tuesday, oil prices continued to rise to their highest levels in several weeks, with increasing risks of the conflict in the Middle East continuing for a long period after Iran threatened to respond to any new American attacks targeting its assets, which increased fears of supply disruption.

Brent crude futures rose $0.46, or 0.47%, to $97.46 per barrel by 07:26 GMT. US West Texas Intermediate crude reached $92.54 per barrel, an increase of $1.06, or 1.16%.

Brent crude oil had previously recorded a rise to $98.79 per barrel, its highest level since July 24, while West Texas Intermediate reached $94.21 per barrel, its highest level since June 8, according to Reuters.