Mubasher: Oil future settled higher on Tuesday, marking its highest level since 31 July 2019.

September Nymex WTI grew by $2.17, or 4%, to close at $57.1 per barrel.

The Energy Information Administration (EIA) expected that oil production from seven key US shale plays is set to rise by 85,000 next September, hitting a record of 8.768 million barrels per day (bpd).