Oil prices continue to venture above $89 today on expectations that the Trans-Alaska Pipeline would resume flows within a few days.

Crude for February rose by 1¢ to stand at $89.26 a barrel by 12.33 ET, while front-month ICE Brent crude shed 18¢ to $95.52, reports Reuters.

The pipeline, which carries oil equivalent to 12% of US crude output, is expected to reopen later this week. Its shutdown was caused by a leak that forced firms to drop their output by 600,000 barrels to 5% of normal levels.

A bypass line at the affected area will enable the duct’s operator Alyeska Pipeline Service to restart the system.

Crude oil inventories rose by 400,000 barrels in the previous week as imports rebounded.