Futures rose 0.2 percent, leaving prices in London little changed on the week. They jumped above $65 for the first time since 2015 earlier on Tuesday after the Forties pipeline in the U.K. shut down because of a crack. Those gains were eroded as the International Energy Agency’s voiced doubts the market would fully rebalance in 2018, diverging from the view of OPEC. “It’s been volatile,” Torbjorn Kjus, analyst at DNB Bank ASA, said by phone. If the Forties pipeline is “out for a month, it should have a positive effect” on prices as 10 million barrels of oil supply could easily be lost to the market. Click Read More below for additional information.

Yuan-denominated oil futures on the Shanghai International Energy Exchange lost 2.8 percent to 405.5 yuan a barrel. The September delivery contract closed 0.9 percent lower on Monday after debuting last week. U.S. crude inventories are estimated to have added 2 million barrels last week, according to a Bloomberg survey before Energy Information Administration data due Wednesday. The nation’s oil production had also increased for a fifth week in the period ended March 23, hitting a fresh record. Click Read More below for additional information.

Amazon is making a major monetary commitment to its businesses across India, including artificial intelligence. The online giant has pledged to invest more than $35 billion into its Indian operations through the next five years, building on nearly $40 billion it has invested in the country so far. This investment will focus on business expansion as well as three strategic pillars of AI-driven digitization, export growth, and job creation. In May 2023, Amazon said it would commit $12.7 billion to expand its cloud infrastructure in India by 2030. The company also debuted its Amazon Now 15-minute ultrafast delivery service in India and is expanding its use of AI-based refrigeration monitoring