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Oil markets were stable on Tuesday amid cautious optimism over the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore.
Movements in crude markets were also limited ahead of a meeting between the Organization of the Petroleum Exporting Countries (OPEC) and some of its allies on June 22 that may determine the crude production policy of several major producers.
Brent crude futures (LCOc1) were trading at $76.54 a barrel at 0514 GMT, up 8 cents, or 0.1 percent, on their last close.
U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $66.25 a barrel, up 15 cents, or 0.2 percent, from their last settlement.
Crude has been supported by healthy demand and voluntary production cuts led by OPEC, but analysts said oil markets were also currently heavily driven by public policy events and statements.
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