Energy futures rallied on Tuesday as tensions between Turkey and Syria escalated thus threatening to disrupt supplies from the Middle East. On Tuesday, NATO announced that it is ready to help Turkey to defend itself from Syria's attacks if Turkey asks. However, the upside was capped as demand may weaken amid global slowdown.
Crude oil rallied on strong supply-side support. Rising turmoil in the Middle East as well as delays in exports from the North Sea lifted the commodity.
Brent oil surged on potential fall in supplies in case tensions between Turkey and Syria persist. However, global economic weakness limited gains of the commodity.
Natural gas attained the highest level in five days ahead of the EIA supply report due on Thursday. The commodity drew strength from cooler-than-normal weather forecasts for mid-October in the Midwest of the US.
Heating oil climbed ahead of the US inventory report due later in the week. Supply uncertainties also lifted the commodity price.