Energy futures moved higher midday Thursday as the market continued to monitor a recovery in Middle East oil supplies and improving flows through the Strait of Hormuz.

June 23 : Oil prices rebounded on Tuesday after a sharp fall the previous session supported by tempered optimism over U.S.-Iran peace talks, while investors awaited clearer signs…

Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel, while U.S. West Texas Intermediate gained 33 cents, or 0.46%, to $74.19 a barrel as of 0026 GMT.