Investing.com - Oil steadied Tuesday as U.S. crude stocks were forecast to fall.
U.S. crude was up 18 cents, or 0.36%, at $50.42 at 08:00 ET. Brent crude added 26 cents, or 0.49%, to $53.38.
The market was earlier under some pressure as output resumed at Libya's largest oilfield after disruptions.
American Petroleum Institute U.S. crude stock data are due out later in the session.
These will be followed Wednesday by official Energy Information Administration (EIA) inventories.
The EIA is forecast to report a fall of 530,000 barrels in crude stocks in the latest week.
OPEC and non-OPEC producers are cutting output by 1.8 million barrels a day in the first half.
However, inventories remain stubbornly high capping potential gains for oil.