Oil prices were firm on Tuesday, supported by concerns that tensions in the Middle East could lead to supply disruptions, although further rises expected in U.S. crude output loomed over markets. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $65.63 a barrel at 0700 GMT, up 8 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $70.17 per barrel, up 5 cents, or 0.1 percent. James Mick, Managing Director and Energy Portfolio Manager with asset management firm Tortoise, said “rising geopolitical tensions” were driving up oil prices. The biggest risk was that the United States could re-introduce sanctions on Iran. “Crude also received support from OPEC members as Saudi Arabia and Russia both reiterated […]