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Citing confirmation by a Russian energy ministry representative, Interfax (IFX) reports that Moscow confirms that it will participate in the OPEC and non-OPEC producers (OPEC+) meeting scheduled on April 9.

Meanwhile, Kuwait informs buyers it will postpone the announcement of its May official selling prices (OSP) by a few days beyond April 10 due to the OPEC+ meeting.

Oil consolidates the rally

Both crude benchmarks are seen holding higher by nearly 3% on Tuesday, with WTI ranging around 27 mark while Brent trading just below the 34 handle.