Japan’s Nikkei rallied 1.02% on Tuesday afternoon, while MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.10% higher. Chinese blue chips added 0.03%, after earlier hitting their lowest level this year.

The Worldwide Rig Count for January was 1,183, up 79 from the 1,104 counted in December 2020, and down 890 from the 2,073 counted in January 2020.

Brent rose 83 cents, or 1.2%, to $67.57 a barrel. WTI were up 77 cents, or 1.2%, to $64.60 per barrel.

According to the agreement, the OPEC+ alliance, which controls about half of the world's production capacity, will mostly maintain its quotas, with Russia allowed a 130,000 b/d increase and Kazakhstan a 20,000 b/d rise, while Saudi Arabia said it would continue implementing its voluntary cut

U.S. commercial crude oil inventories increased by 21.6 million barrels to 484.6 million barrels.

Brent added 52 cents, or 0.8%, to $64.59 a barrel. WTI gained 43 cents, or 0.7% to $61.71 a barrel.

«Нашими компаниями активно реализуется ряд успешных проектов на территории республики. К настоящему моменту накопленные инвестиции российских нефтегазовых компаний в иракские проекты превысили 10 млрд долларов США», – сообщил Александр Новак.

The pan-European STOXX 600 index fell 0.5% in early trading, with miners dropping 2.8% and travel & leisure stocks down 1.6%.

Brent rose 24 cents, or 0.38%, to $62.94 a barrel. WTI rose 15 cents, or 0.25%, to $59.90 a barrel.

“We must emphasize in strong terms: cautious optimism, cautious optimism, cautious optimism.”

Current oil demand of 94 million b/d, rising to 99 million b/d in 2022.

Shares on Shanghai's Composite Index climbed 1.6% ahead of Friday's annual parliamentary gathering

The company will invest around £10bn (€11.6bn) in its power transmission network by 2026.

Brent dropped 70 cents, or 1.1%, to $62.99 a barrel. WTI fell 71 cents, or 1.2%, to $59.93 a barrel.

Prices have rallied to pre-virus levels, while U.S. production has taken a hit from freezing storms. Talk swirls of market supercycles, and even the return of $100 oil.