Oil was stable in early trading on Tuesday. Investors balancing supply disruptions due to Tropical Storm Francine and the possibility of further production cuts with continued weakness in Chinese demand

Brent oil futures rose 16 cents, or 0.22%, to $72.00 per barrel at 0004 GMT. West Texas Intermediate crude oil futures rose 12 cents, or 0.17%, to $68.83 per barrel. Both benchmarks gained around 1% during Monday's report. Exxon Mobil said it had halted production at its Hoover offshore production platform, while Shell halted drilling operations on two platforms. Chevron has also begun stopping oil and gas production at two of its offshore production platforms. Analysts at ANZ said in a note that “at least 125,000 barrels per day (bpd) of oil capacity are at risk of interruption.