Oil prices rose around 1% on Tuesday after the U.S. Energy Information Administration (EIA) predicted shale output in the world's biggest crude producer would fall by a record amount in April, adding to cuts from other major producers.
Brent futures rose 40 cents, or 1.3%, to $32.14 a barrel by 0638 GMT after settling 0.8% higher on Monday. U.S. West Texas Intermediate (WTI) crude was up 15 cents, or 0.7%, at $22.56, having dropped 1.5% the previous session, Reuters reported.
The OPEC, along with Russia and other producing countries - known as OPEC+ - agreed over Easter to cut output by 9.7 million barrels per day (bpd) in May and June, equal to about 10% of global supply before the viral outbreak.
The United States, the world's biggest producer, is reducing output as well, and other countries are taking the estimated cut in production to about 19.5 million bpd.
U.S. shale oil output is expected to have the biggest monthly drop on record during April, the U.S. EIA said on Monday.