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Brent oil looks for balance at around $36 per barrel

Brent oil looks for balance at around $36 per barrel
Oil price changed second day of the week at around $36,80 per barrel

Global oil benchmark Brent crude started the day on Tuesday with a slight upward movement, according to official data.

Oil opened the week at $35.12 per barrel on Monday, and on Tuesday saw more than $1 dollar increase to $36.80 at 11:06 GMT, official data shows.

Oil prices are currently not seeing major changes in favor of a price increase due to the continued gloom of excess supply in the market, which is expected to continue unless action is taken.

The American benchmark West Texas Intermediate was around $32.50 Tuesday; an increase from Monday's price at $34.11.

According to Russian Media, on Tuesday Russian President Vladimir Putin will meet the heads of top Russian oil companies to discuss the impact of low oil prices on revenues.

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