An aerial view of the Phillips 66 oil refinery in the United States.

Tayfun Coskun | Anadolu Agency | Getty Images

Oil prices rose on Tuesday, recovering from an early drop of more than $1 a barrel after a weaker dollar and supply concerns highlighted by Saudi Arabia’s energy minister gave a boost.

Benchmark Brent crude futures were up 0.28% to $93.52 a barrel, while US West Texas Intermediate crude futures were up 0.87% to $85.32.

The US Dollar Index fell during afternoon trade, which…