Investing.com - Oil edged higher Tuesday ahead of U.S. stockpile data after a six-day losing streak as a supply glut continued to overhang the market.
U.S. crude was up 6 cents, or 0.12%, at $49.29 at 08:00 ET. Brent crude added 11 cents, or 0.21%, to $52.24.
The American Petroleum Institute is expected later Tuesday to report a fall of 1.3 million barrels in crude stocks in the latest week.
Official Energy Information Administration inventories are due out Wednesday.
Higher U.S. output is canceling out the impact of production cuts of 1.8 million barrels a day by OPEC and non-OPEC producers.
A decision on a possible extension of that deal beyond June is expected to be taken on May 25.