Seoul — Oil prices rebounded on Tuesday, after falling in the previous session, on expectation that inventories in the US may decline. However, increasing US production and concern that Opec may raise output continued to weigh on sentiment. Brent crude futures added 14c or 0.19% to $75.43 a barrel at 3.01am GMT, after settling 2% lower at $75.29 on Monday. US West Texas Intermediate (WTI) crude was up 32c or 0.49% at $65.07 a barrel. It finished the previous session 1.6% lower at $64.75. "It’s all about supply, whether it’s Opec raising output or US increasing production, all roads lead to higher global oil supplies, which is leaving oil traders shaking in their boots," said Stephen Innes, head of trading for Asia-Pacific at futures brokerage Oanda in Singapore. Reuters technical analyst Wang Tao said Brent may test a support at $75.05 a barrel, while WTI may test a support zone of $64.33-$64.41. "The gains are seen to be a technical rebound from the last session’s losses, but the m...

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