BloombergOil prices added to modest gains at the start of the week, buoyed Tuesday by technical buying even as investors remain skeptical that production cuts led by Middle Eastern producers and Russia are helping to alleviate a years-long market glut. On the New York Mercantile Exchange, light, sweet crude futures for delivery in July CLN7, +0.37 recently traded up 0.4% at $46.25 a barrel in the Globex electronic session while August Brent crude LCOQ7, +0.39 on London’s ICE Futures exchange rose 0.4% to $48.47. That after oil reversed a bit of last week’s near-4% decline on Monday amid a pipeline leak in Nigeria and Saudi Arabia’s energy minister expressing confidence that market rebalancing will soon gather steam.via