Mubasher: Oil futures settled slightly lower on Tuesday, as the OPEC+ oil output cut agreement still in effect. 

April Nymex WTI edged down $0.06, or 0.1%, to close at $59.03 per barrel.

Yesterday, the energy minister of Saudi Arabia, the de facto leader of OPEC, said: “As long as the levels of inventories are rising and we are far from normal levels, we will stay the course, guiding the market toward balance.”