Oil prices mixed on Tuesday

International benchmarks for oil prices finished Tuesday (26 July) session on mixed direction as a glut of gasoline in the US keeps weighing on the WTI. Market is waiting for Energy Information Administration to release report on the US commercial crude inventory on Wednesday, which players expected to see a drop in crude supplies but an increase in total inventories. Besides, analysts are saying that shale oil drillers added 15 rigs to the oil fields last week, indicating major turning point and fuelling fear about a continue down trend in the near term.

WTI closed at $42.92/barrel (-$0.21) September delivery

Brent closed at $44.87/barrel (+$0.15) September delivery