West TX Oil up to $94.80 on Easing Supply Risks

U.S. crude oil futures rose on Tuesday to recoup some losses from the previous day when prices dropped as investor concerns over conflict in Iraq and Ukraine eased.  U.S. crude futures for September delivery had risen 29 cents to $96.70 a barrel by 0004 GMT, after falling 94 cents on Monday.

Iraqi and Kurdish forces recaptured Iraq’s biggest dam from Islamist militants with the help of U.S. air strikes to secure a vital strategic objective in fighting that threatens to break up the country, Kurdish and U.S. officials said on Monday.

Dozens of people, including women and children, were killed as they fled fighting in eastern Ukraine on Monday when their convoy of buses was hit by rocket fire, military spokesmen said.

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