Oil muted on Tuesday, post edging up in the earlier session, as investors adopted a more varied perspective regarding the impact of Ukrainian attacks on Russian refinery capacity.

Brent crude advanced by 7 cents to $86.82 per barrel, while US WTI added 6 cents to $82.01 per barrel.

Brent advanced 1.5% in Monday’s session while WTI advanced by 1.6%, in response to directives from the Russian government, companies have been instructed to reduce production in the second quarter to achieve a target of 9 million barrels per day (bpd) in compliance with commitments made to the OPEC+.

As one of the world's leading oil producers and major exporters of oil products, Russia is facing challenges due to recent assaults on its oil refineries by Ukraine. According to analysts at Goldman Sachs, these attacks have resulted in the disruption of approximately 900,000 barrels per day (bpd) of capacity, potentially causing shutdowns lasting for weeks and even leading to permanent closures in certain instances.

Although the outcomes of the attacks and Russian production cuts remained uncertain, prices received some support from a modest weakening of the U.S. dollar compared to the previous session.