Oil prices climbed on Tuesday as investors were awaiting the closely-watched OPEC (Organization of the Petroleum Exporting Countries) meeting next week.
OPEC and a number of other key oil producers led by Russia will meet on Nov. 30 to discuss whether to extend the current price-supporting curbs on crude output.
The group has been restraining output since the start of this year in a bid to end a global oversupply. It is widely expected that the agreement will be extended to cover the whole of next year.
Meanwhile, a weak dollar boosted market sentiment for the dollar-priced oil. The dollar index, which measures the greenback against six major peers, was down 0.14 percent at 93.92 in late trading.
The West Texas Intermediate for January Delivery added 0.41 dollar to settle at 56.83 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery gained 0.35 dollar to close at 62.57 dollars a barrel on the London ICE Futures Exchange.
