Crude oil prices climbed nearly 3 per cent on Tuesday, rebounding from the previous session’s losses as renewed concerns over supply emerged amid disruptions in the Strait of Hormuz. Brent crude futures were trading at $103.20 per barrel, up 2.98 per cent, while US West Texas Intermediate (WTI) crude rose 3.05 per cent to $96.36 per barrel around 9:45 am.