REUTERS - U.S. WTI crude futures CLc1 were at $62.31 a barrel at 0643 GMT, up 25 cents, or 0.4 percent, from their previous settlement. Brent crude futures LCOc1 were at $67.42 per barrel, up 31 cents, or 0.5 percent.

PLATTS - Russia is willing to work with the OPEC coalition indefinitely to regulate global oil supplies and has advocated the creation of a new global body to monitor crude markets, the country's energy minister said.

PLATTS - OPEC oil output in March fell to 32.14 million b/d, its lowest level in 11 months, led by declines in seven out of the 14 member countries,

BAKER HUGHES A GE - U.S. Rig Count is up 10 rigs from last week to 1,003, with oil rigs up 11 to 808, gas rigs unchanged at 194, and miscellaneous rigs down 1 to 1. Canada Rig Count is down 23 rigs from last week to 111, with oil rigs down 23 rigs to 48 and gas rigs unchanged at 63.

REUTERS - Brent crude LCOc1 for June delivery briefly traded flat at 1322 GMT at $68.33 per barrel after falling as much as 66 cents earlier. U.S. West Texas Intermediate crude for May delivery CLc1 erased some of its previous losses, but was still down 15 cents at $63.39 a barrel.

EIA - Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production reached 10.07 million b/d, the highest monthly level of crude oil production in U.S. history.

REUTERS - Oil prices slipped with Brent crude futures off 13 cents to $67.99 a barrel, while U.S. crude fell 11 cents to $63.40 a barrel.

BLOOMBERG - The global deal to rein in oil output has removed “85 percent of the problem” of oversupply, and OPEC and allied producers are seeking ways to cooperate after the agreement ends, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.

PLATTS - Russia is planning to fully comply with its commitment to cut oil output under the OPEC/non-OPEC deal this month, Russian energy minister Alexander Novak said Tuesday, the Prime news agency reported.

PLATTS - Iraq has adjusted its crude oil production capacity target and is now aiming to achieve 6.5 million b/d by 2022, oil minister Jabbar al-Luaibi said Monday.