Mubasher: Oil futures settled slightly higher on Tuesday, as Saudi Arabia promised extension to OPEC+ oil cut agreement.

April Nymex WTI edged up $0.08, or 0.1%, to close at $56.87 per barrel

Earlier today, Russia’s news agency TASS reported that Saudi Arabia was reportedly proposing the extension of OPEC+ oil output cut agreement to the end of 2019, recommending the maintenance of current production quotas.