Oil prices have risen due to a drone attack on a Russian pipeline and cold weather in the US, although potential US-Russia negotiations and the possible restart of Kurdish oil exports are creating price counter-pressures.

Brent crude oil prices advanced on Tuesday adding to gains in the previous session after a drone attack on an oil pipeline pumping station in Russia reduced flows from Kazakhstan, but gains were capped on the prospects of supply rising soon.

Oil prices rose on Tuesday, following a drone attack on a Russian oil pipeline pumping station, which disrupted flows from Kazakhstan and added to gains from the prior session. “The recent attack on the Caspian Pipeline pumping station has disrupted oil flows from Kazakhstan,