DNB Markets: Oil prices rebounded technically after a sharp drop on Monday.

Oil prices continue to rise, with both Brent crude and WTI crude rising by more than 2%. On Monday, after OPEC+ agreed to accelerate production increases for the second consecutive month, concerns about oversupply were raised due to uncertain demand prospects caused by global trade tensions, leading to a sharp drop in benchmark oil prices to a four-year low. However, "technical indicators point to oversold territory," said DNB Markets analysts.