Singapore, August 25 (QNA) - Oil prices rose on Tuesday, after falling more than 2% in the previous session, as investors assessed the impact of harsher US secondary sanctions against Iran.

Brent crude futures rose 27 cents, or 0.3%, to $92.44 a barrel, while US West Texas Intermediate crude was up 37 cents, or 0.4% to $ 85.38 a barrel.

Both contracts settled lower on Monday, with U.S. crude oil falling to a one-week low on profit taking after prices rallied over the previous two weeks.

 US Strategic Petroleum Reserve fell by about 3.7 million barrels to 289.7 million barrels last week, ​the lowest since November 1982. (QNA)