BAGHDAD, Oil prices on Tuesday offset some of its losses on Monday, while Libya's National Oil Corporation announced a force majeure in exports from the oil field of Sharara, which was seized by a local armed group earlier this week.
Brent crude futures rose 33 cents, or 0.6 percent, from their last close of $ 60.30 a barrel.
US crude futures also rose 19 cents, or 0.4 percent, from their last settlement to $ 51.19 a barrel.
OPEC's exporters on Friday announced a reduction of 1.2 million barrel-per-day (bpd) in crude supplies from January on the basis of October 2018 production levels.
Source: National Iraqi News Agency