Oil prices rose in light trading on Tuesday on fears that winter storms in the United States could affect logistics and the production of petroleum products and shale oil.

Brent crude was up 73 cents, or 0.9%, at $84.65 a barrel at 0122 GMT, while the U.S. West Texas Intermediate crude was at $80.41 a barrel, up 85 cents, or 1.1%.

On Friday, Brent was up 3.6% while WTI was up 2.7%. Both benchmarks posted their biggest weekly gains since October. Markets in the United Kingdom and the United States were closed on Monday for the Christmas holidays. “Fears of supply disruptions due to winter storms in the United States led to buying, although trading was light as many market participants were on vacation,” said Kazuhiko Saito, chief analyst at Fujitomi. Securities Co Ltd.

"But the weather in the United States should improve this week, which means the rally might not last too long," he said.

A deadly blizzard crippled Buffalo, New York on Christmas Day, trapping motorists and first responders in their vehicles, leaving thousands of homes without power, and adding to the death toll from the storms that swept across much of the United States for days cooling down .

Airlines had canceled nearly 2,700 US flights on Saturday afternoon after weather conditions complicated airport operations across the country.

Freezing cold and strong winds on Friday disrupted US power generation, driving up heat and electricity prices.

Concerns about a possible production cut by Russia also fueled today's rally.

Russia could cut oil production by 5% to 7% in early 2023 in response to price limits, RIA news agency said on Friday, quoting Deputy Prime Minister Alexander Novak.