Oil prices took the graph up on Tuesday supported on the back of declining exports from Southern Iraq. The output in the Southern region has been affected by the escalating geopolitical tensions in the region.

Southern Iraqi exports have fallen more than 100,000 barrels per day in the ongoing month. Adding to the drops in flows form the Northern Iraqi region of Kirkuk, which was recently took over by Iraqi forces after the region declared self-styled independence.

London Brent crude for December delivery was up 6 cents at $57.43 a barrel by 0055 GMT after settling down 38 cents on Monday.

U.S. crude for December delivery was up 3 cents at $51.93, having settled up 6 cents.

Adding to the momentum were the declining US crude inventories, during the last week gasoline and distillate stocks have fallen by at least 1.5 million barrels.