LONDON—Oil prices rose by more than $1 on Tuesday after sliding in the previous session as markets weighed Middle East tensions against demand worries and rising OPEC supply.

Brent crude futures rose $1.33, or 1.75 percent, to $77.45 a barrel at 1131 GMT, while U.S. West Texas Intermediate crude futures gained $1.29, or 1.82 percent, to $72.06 a barrel.

Geopolitical tensions in the Middle East and an ongoing supply outage in Libya offered support to prices on Tuesday, analysts said.

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