Energy commodities edged up on Tuesday amid upbeat US and German data. US PPI and retail sales advanced more than expected last month. Meanwhile, traders are cautious ahead of US crude oil inventory report due on Wednesday.
Crude oil climbed on hopes that positive economic trends in the US and Germany will boost energy demand.
Brent oil was slightly higher amid potential increase in demand and persistent supply concerns. Tensions in the Middle East intensified again on speculation that the military conflict between Israel and Iran may be inevitable.
Natural gas jumped as storm in the Gulf of Mexico may disturb production. Meanwhile, market participants monitor US weather forecasts to estimate fuel demand in the next weeks.
Heating oil went up on brighter demand prospects and supply uncertainties in the Middle East and Gulf of Mexico.