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Oil prices rebounded slightly Tuesday, after a decline of more than 4% on Monday, with investors focusing on lower inventories at United States and renewed problems of supply in Venezuela and Libya .
The pumping interruptions in Venezuela have regained momentum, as two of the country's four heavy crude oil upgrading plants will be undergoing maintenance in the coming weeks. The facilities have a combined capacity of 700,000 barrels per day (bpd).
"The market is sustained whenever there is an update as the situation in Venezuela worsens," he said. John Kilduff of Again Capital Management in New York .
Gross futures Brent increased 87 cents to $ 72.71 per barrel, its lowest level since April 17. On Monday, the benchmark fell by 4.6%.
Petroleum West Texas Intermediate (WTI) of United States increased 27 cents to 68.33 dollars per barrel after After falling 4.2% on Monday
In addition to the collapse of Venezuelan production, traders watch stocks of United States that could drop 3.5 million barrels in the week of July 13, according to a Reuters investigation.
The market is looking for clear signals on supply, including whether United States will release crude from its Strategic Petroleum Reserve and if pumping in La Libya will rebound after military clashes a few weeks ago, said Tariq Zahir of Tyche Capital to New York .
Tuesday brokers stopped their attention in the weekly report of the Energy Information Agency (EIA) on US stocks, scheduled for Wednesday
After a decline of 12.6 million barrels of Last week, badysts expect a new low of 4.25 million barrels of crude during the week ended July 13, according to the consensus of the median compiled by Bloomberg.
Gasoline reserves are estimated to have decreased by 850,000 barrels and other distillates (fuel oil and diesel) would have risen by 1.09 million barrels.
Source: Reuters / AFP
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