High oil prices continued to beware of overeating
Oil rose slightly on Tuesday, erasing sharp losses suffered last week with continued caution in the market, which covered an increase in oil drilling activities in the United States to cut supplies led by "OPEC".
Increased crude futures for global measurement of Brent 14 cents, or about 0.2 percent to reach at the settlement of $ 52.29 a barrel. Brent fell about three percent last week.
The futures rose for WTI US median 19 cents to $ 49.99 a barrel. It agreed "OPEC" and some producers outside last week to extend the pledge to cut production about 1.8 million barrels per day until the end of the first quarter of 2018.