The oil price stabilized Wednesday on Asian markets after falling by around 2% during the session previous.

The price of Brent increased by 23 cents, or 0.34 %, at 67.65 dollars per barrel at 04:12 GMT, while American crude oil West Texas Intermediate (WTI) rose 19 cents, or 0.3%, to 62.52 dollars.

Both values correspond to the lowest levels of the last two weeks.

According to Sugandha Sachdeva, founder of SS WealthStreet, a research firm based in New Delhi, “Crude oil prices seem ready to rebound technically... However, a final agreement remains distant and the markets remain cautious about the sustainability of the momentum diplomatic”.

Oil prices have was also affected by information relayed by the Russian media according to which the production of the Tengiz oil field in Kazakhstan, one of the largest in the world, was up after a suspension in January.