-Oil edged higher toward $36 a barrel as the market waited to see if OPEC and its allies will extend record production curbs.
Futures in New York rose around 1% after closing little changed Monday. Saudi Arabia favors keeping the curbs — which are set to start easing from July — in place for an extra one to three months, a delegate said. Any changes to the OPEC+ deal will hinge on negotiations between Moscow and Riyadh, with Russia saying last week that it wanted to start winding down the cuts next month.
Violent protests continued to rock the U.S., complicating its economic recovery from the coronavirus, with President Donald Trump promising to deploy the military to quell the unrest. Still, the riots have yet to have a major impact on financial markets and were balanced by data suggesting American manufacturing activity is beginning to stabilize at a depressed level.