RoydadNaft –  Oil prices remained largely steady on Tuesday as the potential U.S. sale of seized Venezuelan crude offset growing concerns over supply disruptions following Ukrainian attacks on Russian vessels and port facilities.

According to Roydad Naft, Brent futures gained 7 cents to reach $62.14 per barrel by 0959 GMT. U.S. West Texas Intermediate crude also rose 4 cents to $58.05.

Prices had jumped more than 2% on Monday, with Brent posting its biggest daily gain in two months and WTI recording its largest increase since November 14.

“Following Monday’s sharp rise in oil prices… heavy oversupply is preventing further gains. With floating storage at its highest level since 2020, upside potential looks limited, especially in a shortened holiday week with thin trading volumes,” said Axel Rudolph, analyst at IG.

On Monday, U.S. President Donald Trump stated that the United States might retain or sell the oil seized off Venezuela’s coast in recent weeks as part of measures that include a “blockade” on sanctioned tankers entering or leaving the South American country.

In a note dated Monday, Barclays said oil markets are expected to be well supplied in the first half of 2026, but added that the surplus will shrink to just 700,000 barrels per day in the fourth quarter of 2026, and prolonged disruptions could tighten the market further.

Russian forces struck Ukraine’s Black Sea port of Odesa late Monday, damaging port infrastructure and a ship—the second attack on the area in less than 24 hours—while Ukrainian drone strikes damaged two vessels, two piers, and sparked a fire in a village in Russia’s Krasnodar region.

Ukraine has also targeted Russia’s maritime logistics, focusing on shadow-fleet tankers attempting to evade sanctions on Russia.