Crude oil prices continued to surge on Tuesday due to supply risks driven by the Middle East conflict, with European benchmark Brent surpassing $85 per barrel for the first time since July 2024. Brent for deliveries in May jumped 7.19% and went for $84.85 per barrel at 6:23 am ET, while West Texas Intermediate (WTI) for settlements in April gained 7.69%, going for $77.33 per barrel.