Oil ticks up on OPEC+ cuts; traders eye economic data

Oil prices edged higher on Tuesday, recouping some of the losses from the previous session, as traders focused on supply cuts by the world’s biggest oil exporters Saudi Arabia and Russia and awaited data that could help ascertain demand.

Brent crude futures rose 33 cents, or 0.4%, to $78 a barrel by 0050 GMT, and U.S. West Texas Intermediate crude was up 35 cents, or 0.5%, at $73.34.