Mubasher: Oil prices saw a rise early on Tuesday as the US dollar slipped from two-week high, but speculations about no possible output freeze agreement still weakens the oil market's performance.

By 4:00am GMT, International Brent crude oil futures edged up 7 cents, or 0.14%, to $ 49.52 per barrel.

U.S. West Texas Intermediate (WTI) crude futures were traded at $47.13 a barrel, up 16 cents from the previous mark.

On Monday, The US dollar fall on Monday from two-week high as investors shifted their attentions to payrolls data which is important to whether the US central bank hike interest rates, said market analyst Ahmed Karam.

However, oil prices are likely to drift lower as concerns over successful talks among members of Organization of the Petroleum Exporting Countries (OPEC) are increasing, Karam added.

Earlier, Iran announced it would only encourage output freeze agreement, if other exporters recognized its right to fully reclaim the country's market share. This announcement could be a new obstacle in the road of negotiations in Algeria next month, which is likely to have few significant impacts with the current Saudi Arabia's intention to increase oil production.