Doha: Oil prices rose for a fourth straight day on thursday as investors worried about supply shortages amid US President Donald Trump's push for a swift resolution to the war in Ukraine and threats of tariffs on countries buying Russian oil.

According to Qatar News Agency, Brent crude futures for September delivery, which are set to expire on Thursday, rose 27 cents, or 0.4%, to $73.51 a barrel, while US West Texas Intermediate (WTI) crude for September gained 37 cents, or 0.5%, to $70.37 a barrel. The more active Brent October contract was up 29 cents, or 0.4%, at $72.76.

Both benchmarks settled 1% higher on Wednesday. Investors continue to monitor the geopolitical landscape and its implications on oil supply, as market dynamics remain sensitive to international developments.