Oil prices nudged higher on Tuesday but remained within a narrow trading range, as traders awaited the outcome of an OPEC+ meeting later this week.

Brent crude futures rose 31 cents, or 0.4%, to $72.14 a barrel by 0704 GMT, after dropping 1 cent in the previous session. U.S. West Texas Intermediate crude climbed 26 cents, or 0.4%, to $68.36, following a 10 cent gain on Monday.

Sources from the producer group said it will extendits latest round of output cuts until the end of the first quarter at its Dec. 5 meeting.