Other requests include residents seeking assistance with cleaning mud accumulation, restoring damaged furniture
In London, Brent North Sea crude for September delivery fell 22 cents to 74.08 dollars per barrel in electronic trading.
New York’s main contract, light sweet crude for delivery in September, slid 18 cents to 73.35 dollars per barrel in electronic deals before the official opening of the US market.
Crude futures had fallen sharply on Monday after an UN-brokered ceasefire deal took hold between Israel and Hezbollah, and on news that BP would maintain half of its output in a key Alaskan oil field, dealers said.
“The market is steady (on Tuesday), having adjusted downwards due to the generally good news with the ceasefire in the Middle East and also the Prudhoe Bay production being shut down by only about 50 percent,” said Victor Shum, an analyst with energy consultancy Purvin and Gertz in Singapore.
“The beginning of the week has been marked by calming news so that has taken the steam out of the market.”
There had been fear that the hostilities in Lebanon might drag other Middle Eastern countries into a wider conflict in the region and disrupt global supplies of crude oil.
Meanwhile, BP’s announcement late Friday that it would continue to pump oil from part of a giant field in Alaska, where a corroded pipeline sprang a leak the week before, has also calmed oil prices.
The British energy giant said it would resume production in the western part of Prudhoe Bay and continue pumping around 150,000 barrels per day, rising to 200,000 barrels, or around half its usual capacity, by the end of August.
Other requests include residents seeking assistance with cleaning mud accumulation, restoring damaged furniture
Many students wade through waist-deep water to head to neighbour's house for online classes
Hospitals brace for uptick in typhoid and bacterial infections; and mosquito- and fly-borne diseases like dengue
With 30% of their inventory damaged, owners of Preloved Books now face the daunting task of rebuilding from scratch
Five-time champions hold their nerve to claim victory by nine runs in the final over at Chandigarh
Natasha Abbas is a British civil engineer who co-founded North 51, a project management consultancy in Dubai
People who are assessing your qualifications can quickly tell the difference between an authentic life narrative and a third-party account
Arab-Canadian public speaking coach and author of The Million Dollar Speaker Maher Elusini on how to make your speech command value for time and money