Oil prices were near flat on Tuesday in Asia as traders await this week’s crude stockpile data.

U.S. Crude Oil WTI Futures last traded at $56.52 by 12:10 AM ET (04:10 GMT), down 0.04%. International Brent Oil Futures inched up 0.1% to $62.16.

Weekly US crude inventory data due for release in coming days is expected to show a further 2.7 million-barrel build for the week ending October 25, according to forecasts compiled by Investing.com.

Meanwhile, Iran oil minister Bijan Zanganeh was quoted as saying by the Iranian Students' News Agency that OPEC could further slash production from the current 1.2 million barrel per day at its next meeting on December 5.

Source : Investing.com