Oil prices were higher on Tuesday, with WTI futures trading around $35.7 a barrel and Brent crude around $38.7 a barrel as OPEC and its allies are expected to extend current output cuts beyond June. News showed Saudi Arabia and Russia are considering extending the record 9.7 million barrels per day curb into July or August. Also, a Genscape report on Monday showed crude stockpiles at Cushing, Oklahoma dropped to 54.3 million barrels in the latest week. On the other hand, protests in the US over police brutality and the death of George Floyd and mounting tensions between the US and China weighed on investors’ mood.