Oil ticked up on Tuesday following Israel’s attack on Rafah, while ceasefire talks with Hamas lingered without decision.

Brent crude advanced by 0.11% at $83.42 per barrel, while US WTI advanced by 0.09%, to $78.55 per barrel.

Participants of the market will be anticipating the next US crude inventories figures.

Stockpiles were projected to slump the earlier week according to a poll conducted by Reuters.

The crude inventories could have roughly slumped by about 1.2 million per barrels in the week to May 3, based on analyst projections.

The gains of oil futures were limited by robust greenback, as it drove it be pricier for those trading with other currencies. The dollar index that gauges the greenback versus its major pairs ticked up by 105.25.

Oil on Monday closed higher, recovering some losses experienced the earlier week. The two contracts hit the sharpest weekly dips in three months as market put their attention on dismal US job figures and the predicted timing of rate trim.