Oil prices showed a rise of more than 1% on Tuesday, which at the moment looks more like a correction caused by buying when approaching a significant low. The fall in the previous session was driven by OPEC+'s decision to accelerate production ramp-up despite lingering concerns about oversupply in the market. Both benchmark crude grades ended trading on Monday at their lowest levels since February 2021.Amid expectations that production volumes will exceed consumption, oil has fallen more than 10% in six consecutive sessions and is down more than 20% since April, when tariff shocks from U.S. President Donald Trump heightened fears of a global economic slowdown.For the purpose of making trading decisions, market dynamics should be monitored in case the lows are retested.