The Organization of Petroleum Exporting Countries and its allies, who will gather in Vienna in the coming days, are poised for a debate about some nations' lax implementation of production cuts.
West Texas Intermediate for January delivery added 28 cents to $56.24 a barrel on the New York Mercantile Exchange as of 7:40 a.m.in London.
Meanwhile, the latest uptick in oil prices can be attributed to fresh selling seen in the US dollar across its main competitors, as the European traders hit their desks and react negatively to the downbeat US data and US President Trump's USD jawboning.
Brent futures rose 17 cents, or 0.3 per cent, to $61.09 a barrel by 0516 GMT, after having gained 0.7 per cent on Monday.
"I have no deadline, no", Trump told reporters in London, where he was due to attend a meeting of North Atlantic Treaty Organisation leaders.
Saudi Arabia is pushing the plan to deliver a positive surprise to the market before the initial public offering of state-owned Saudi Aramco, the sources said.
Goldman Sachs on Monday said that OPEC+ is likely to extend output curbs through June but expects the "uneventful" three-month extension to provide little support to prices.
Business a.m learnt that OPEC and its allies are in talks to further increase the existing supply cut of 1.2 million barrels per day (bpd) by 4,000 bpd with an extension till June 2020.
Concerns about the inability of the United States and China, the world's two biggest oil users, to reach a preliminary deal to resolve their 17-month trade dispute also weighed on oil prices, along with discouraging U.S. economic data.
However, Alexander Novak, Russian Energy minister and Vagit Alekperov, chief executive officer, Lukoil are on the backs of OPEC+ seeking for an increase in production for adequate supply in Russia as winter approaches. Growth into 2020, though, could range between 100,000 bpd and 1 million bpd.
While OPEC may cut output, USA producers have been only too happy to meet any market shortfalls, with production setting successive records. Output from the Organization of Petroleum Exporting Countries slipped by 110,000 barrels a day last month, according to data compiled by Bloomberg, while analysts forecast U.S. crude fell last week for the first time since mid-October.