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Brent was down 13 cents, or 0.2 percent, to 59.35 dollars a barrel at 0643 GMT, after falling 3 percent in the previous session.
And increased American brut 5 cents, or 0.1%, at $ 55.28 a barrel, after falling 3.3% in the previous session.
This caused the combination of a series of data indicating a slowdown in global growth amidst the trade war United States China and rising levels of US oil inventories continue to dampen optimism in recent crude oil markets, but raise strong expectations that major producers could take additional measures to support their prices.
Benjamin Lu, an badyst at Philip Futures, said Singapore "Oil prices, although backed by OPEC-imposed production constraints … are facing serious adverse factors, as traders oscillate between demand-side concerns and oil reduction policies." 39; offer. "
Organization of the Petroleum Exporting CountriesOPECProduction has been around since the beginning of 2017 and traders say that they expect it to booster. Saudi Arabia Production declines as the growth in world demand for crude decreases.
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Brent was down 13 cents, or 0.2 percent, to 59.35 dollars a barrel at 0643 GMT, after falling 3 percent in the previous session.
US crude rose 5 cents, or 0.1 percent, to $ 55.28 a barrel after falling 3.3 percent in the previous session.
A combination of data pointing to a slowdown in global growth in the context of the US-China trade war and the persistence of US oil stocks have eased the recent optimism in crude oil markets, but have fueled hope that major producers could take additional measures to support their prices. .
"Oil prices, although backed by OPEC-imposed production constraints," said Benjamin Law, an badyst at Philip Futures in Singapore, where traders are swaying between demand-side concerns and oil-price reduction policies. l & # 39; offer. "
The Organization of the Petroleum Exporting Countries (OPEC) has reduced production almost since the beginning of 2017 and traders say they expect Saudi Arabia to accelerate cuts in oil prices. production due to slower growth in global demand.
