Oil prices reversed the upward trend, continuing gains for the second session in light of the growing appetite for risk, despite data showing a sudden increase in US crude stocks last week and lower expectations Demand due to the increasing number of COVID-19 cases.

Brent crude futures increased 84 cents, or 1.2 percent, to $70.19 a barrel at 0840 GMT, after falling during the session to 68.63 dollars per barrel.

US West Texas Intermediate crude contracts also rose 84 cents, or 1.3 percent, to record $ 68.04, after falling to $ 66.44 earlier in the day.

Oil... appears to have found support as risk appetite grew again, said Ricardo Evangelista, an analyst at ActivTrades.

This support follows the significant declines recorded during the past few sessions, which were sparked by concern about the impact of the delta mutator... as well as the OPEC + agreement on Increase production.

Oil prices fell on Monday after the Organization of the Petroleum Exporting Countries and its allies, known as the OPEC+ group, agreed to increase supply by 400,000 barrels per day each year. Month from August to December.

The decline was exacerbated by fears that the growing infection with the Delta strain of the Corona virus would affect demand in key markets such as the United States, Britain and Japan.