After their significant losses the day before, oil prices stabilized in early trading on Tuesday.

A barrel (159 liters) of the North Sea Brent cost $ 68.84 that morning.

That was 22 cents more than the day before.

The price of a barrel of the American West Texas Intermediate (WTI) rose 29 cents to $ 66.64.

Oil prices came under considerable pressure on Monday.

At the peak, the prices fell by almost $ 5.

The bad mood on the stock markets had spread to the commodity markets and the stronger dollar also weighed on prices, as it made the oil traded in the American currency more expensive for many interested parties.

The influence of the OPEC decision from the weekend on gradually increasing funding is seen as ambiguous.

On the one hand, the higher supply could put pressure on oil prices.

On the other hand, with the agreement, the risk of an escalation through to the disintegration of the Opec + oil network with an uncontrolled increase in supply has decreased.

A dispute between the oil power Saudi Arabia and the United Arab Emirates initially prevented an understanding.

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