US crude oil futures rise over $1 in early Asia trade

Group 1 - U.S. crude oil futures increased by over $1 in early Asia trade, with West Texas Intermediate crude futures rising by $1.37, or 1.6%, to $89.44 per barrel [1][2] - The price of crude oil had previously hit a session low of $84.37 on Monday, indicating a significant recovery in the market [2] - The rise in oil prices comes as markets reassess the supply outlook following Iran's denial of holding talks with the United States, which contradicts President Trump's earlier claims [1]