NEW YORK, June 15 (Xinhua) -- Oil prices climbed on Tuesday, buoyed by positive sentiment on the market.

The West Texas Intermediate for July delivery added 1.24 U.S. dollars to settle at 72.12 dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery increased 1.13 dollars to close at 73.99 dollars a barrel on the London ICE Futures Exchange.

"We regard the continuing good news on the demand front and upbeat sentiment on the financial markets as the key reasons for the latest upswing," Eugen Weinberg, energy analyst at Commerzbank Research, said in a note on Tuesday.

"The crucial (fundamental) test for the oil market and its subsequent price performance is yet to come," as there were uncertainties both on the demand and supply sides, Weinberg said, adding "the upside potential is clearly not unlimited on the oil market."

Traders also awaited official U.S. fuel inventory data slated for Wednesday. Enditem

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