By Colleen Howe and Trixie Yap
(Reuters) – Brent raw oil prices were performed on Tuesday and contribute to profits in the previous session after a drone attack at a pumping station of the oil pipeline in Russia reduced the streams of Kazakhstan, but the profits were limited to the prospect of the offer of the offer that emerged soon.
Brent Raw Futures won 15 cents, or 0.2%, up to $ 75.37 per barrel at 0454 GMT.
US West Texas Intermediate Raw Futures rose 67 cents compared to the end of Friday at $ 71.41 per barrel. There was no arrangement for WTI on Monday due to the vacation of the American presidents.
“The compelling theme has been stimulating oil prices lately around the expectations of delivery. With prices weakness in recent weeks, the news about a drone strike on the Kazakhstan export pipe in Russia has given the catalyst for a Bearish sentiment to relax to relax , “Ig Market Strategist Yeap Jun Rong said in an e -mail.
The drone attack on the Kropotkinskaya station in the southern region Krasnodar in Russia reduced the shipments from Kazakhstan to world markets by Western companies, including Chevron and Exxon Mobil, said Operator Caspian Pipeline Consortium Monday.
The Black Sea CPC Blend Oil Loading Plan for February would remain unchanged, two sources that are familiar with the plan told Reuters.
“However, profits in the longer term will probably be limited, because the market can anticipate higher stocks of OPEC+ and Russia further than the improvement of the demand prospects, in particular from China.
In a comment, BMI analysts said that they see Brent prices on average $ 76 per barrel in 2025, by 5% falling compared to the average of 2024, due to the overbid, rates and trade tensions.
OPEC+ producers are not considering postponing a series of monthly oil reasons that are planned to start in April, according to a Russian report from the state media.
In December, Opec had pushed a plan back to increase the output to April, due to a weak demand and rising delivery outside the group.
Markets also waited to see if the peace talks of Russia-Ukraine will bear fruit because the American and Russian officials meet later on Tuesday in Saudi Arabia.
“There is apparently enough to be bearish in the raw market, the biggest factor is now the result of Ukraine negotiations. Russian oil can partially come back to the legitimate market, although of course there are many permutations in terms of the end result here,” said Sparta raw material analyst Neil Crosby.
(Reporting by Colleen Howe; editing by Michael Perry and Sonali Paul)