Investing.com - Oil Tuesday remained firm after strong overnight gains on optimism of an OPEC deal to cut output.
U.S. crude was up 2 cents, or 0.04%, at $48.26 a barrel at 07:15 ET.. Brent crude put on 0.08% to $48.94 a barrel.
OPEC plans to cut output to 32.5-33 million barrels per day. It is aiming to formalize a deal at a meeting in Vienna on November 30.
A Nigerian delegate to an OPEC meeting of experts in Vienna said he expects all members to come "on board."
Oil could plummet in the absence of a deal but the planned cut will make scant inroads into the global supply glut.
The dollar index was slightly higher. A stronger dollar weakens demand for oil.