Oil prices rose after recent sharp losses, but market sentiment remains weak as high COVID-19 infections damage the outlook for fuel demand while supplies rise.
Brent crude rose 42 cents, or 1 percent, to $ 40.88 a barrel. And a rough profit
The US dollar was 37 cents, or the equivalent of 1 percent, to 38.93 dollars a barrel. The two benchmarks fell more than 3 percent on Monday.
The bank expects US oil to reach an average of $ 38 and Brent to $ 41 in the last quarter of this year.
Prices received some support from a possible drop in US production as oil companies began closing offshore platforms as a hurricane approached the Gulf of Mexico.