Muscat: Oil prices edged higher today following gains in the previous session. Brent crude was trading at $64.19 a barrel, up 6 cents or 0.09%. US West Texas Intermediate (WTI) for February rose 9 cents, or 0.15%, to $59.53 a barrel. The February contract expires tomorrow Tuesday, while the more actively traded March contract was up 5 cents, or 0.08%, at $59.39 a barrel.

According to Oman News Agency, the price increase comes as traders anticipate the expiration of the February WTI contract. This slight uptick in prices reflects ongoing market adjustments as the March contract becomes more actively traded. The market continues to show sensitivity to contract expirations and shifts in trading activity.