Mubasher: Oil settled higher on Tuesday on the back of expected positive oil output data from the US.

May Nymex WTI rose $0.65, or 1%, to close at $64.05 per barrel.

Earlier today, the Energy Information Administration (EIA) said that oil production from seven key US shale plays was set to jump by 80,000 next May to 8.460 million barrels per day (bpd).