Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016.
REUTERS/Nick Oxford//File Photo Acquire Licensing RightsNEW DELHI, Oct 24 (Reuters) - Oil prices rose on Tuesday, recovering some of the previous day's losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions.
But Israel continued its bombardment of Gaza on Monday after launching air strikes over southern Lebanon overnight.
U.S. crude stockpiles were expected to have risen last week, while distillate and gasoline inventories fell, a preliminary Reuters poll showed on Monday.
Reporting by Mohi Narayan in New Delhi and Yuka Obayashi in Tokyo; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
Persons:
Nick Oxford, Yuki Takashima, Israel, Vandana Hari, Takashima, Mohi Narayan, Yuka Obayashi, Sonali Paul
Organizations:
REUTERS, Brent, U.S, West Texas, Nomura Securities, Vanda Insights, American Petroleum Institute, Energy Information Administration, U.S . Department of Energy, Thomson
Locations:
Cushing , Oklahoma, DELHI, Israel, U.S, Gaza, Lebanon, Palestinian, OPEC, China, New Delhi, Tokyo