International oil prices have jumped following news of a boosted outlook for global oil demand growth.

The U.S. Energy Information Administration raised its outlook for oil demand growth in 2012 by 50-thousand barrels a day in a monthly report.

On the floor of the New York Mercantile Exchange, Western Texas Intermediate crude for March delivery ended at 98 dollars and 41 cents a barrel on Tuesday, local time, up one-point-six percent from the previous day.

In the London ICE Futures Exchange, Brent crude traded at 116 dollars and eighty cents per barrel, up zero-point-13 percent.

Gold for April delivery also gained one-point-four percent to end at one-thousand-748 dollars per ounce.