Oil prices inched up on Tuesday, supported by declining exports from southern Iraq. Oil exports from southern Iraq have fallen by 110,000 barrels per day this month, according to shipping data and an industry source, adding to the drop in flows caused by a shortfall from the northern Kirkuk fields when Iraqi forces retook control from Kurdish fighters who had been there since 2014.

The drop in northern Iraqi shipments has supported global oil prices in recent days. But southern exports, the outlet for most of the country's crude, have been stable in recent months, making the decline unexpected.

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