Ammon News - Brent crude oil prices advanced on Tuesday adding to gains in the previous session after a drone attack on an oil pipeline pumping station in Russia reduced flows from Kazakhstan, but gains were capped on the prospects of supply rising soon.

Brent crude futures gained 15 cents, or 0.2%, to $75.37 per barrel at 0454 GMT.

U.S. West Texas Intermediate crude futures were up 67 cents from Friday's close at $71.41 a barrel. There was no settlement for WTI on Monday due to the U.S. Presidents' Day holiday.

BMI analysts said in a note that they see Brent prices averaging $76 a barrel in 2025, down 5% from the 2024 average, because of market oversupply, tariffs and trade tensions. Reuters