Brent oil rises Tuesday 0.63 percent to $ 43.18 a barrel, while WTI oil is up 0.73 percent to $ 40.07 a barrel.
In comparison, a barrel of North Sea oil traded for $ 42.07 a barrel at the close of trading in Oslo on Monday.
They have thus stabilized after the sharp decline on Monday night, which came when the Doha meeting produced no agreement on limited oil production.
According to Bloomberg News and TDN Finans strike in Kuwait led to the country’s oil production for the second straight day is reduced by 60 percent to 1.1 million barrels per day.
Kuwait Petroleum Corp works to resume oljeprosesserings- and refining units and to bring them up to full capacity, said company representatives Monday.
oil Workers in Kuwait strikes in protest against cuts in wages and other benefits, in a situation where oil exporters Middle East reduce subsidies and state aid. The strike will be the first among oil workers in the country since 1996.
– This is a pretty significant disruption in output from Kuwait, says chief analyst at CMC Markets in Sydney, Ric Spooner, pointing out that the recent strength in oil market through a couple of months not primarily have focused on the Doha meeting.
– It has mainly focused on an improvement of the market’s views on fundamental factors in the medium term, he said to the news agency.
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