Traders will also be watching for the release of fresh data on U.S. stockpiles of crude and refined products.
Data for the week ending March 22 is expected to show a build of 1.6 million barrels in crude oil stocks and a draw of 1.6 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
The American Petroleum Institute said Tuesday that crude stockpiles rose by 3.7 million barrels last week, while the report from the Energy Department's Energy Information Administration — the market benchmark — will be out on Wednesday.
Brent crude, used to price many kinds of oil imported by U.S. refineries, was up 5 cents to $109.41 a barrel on the ICE Futures exchange in London.
In other energy futures trading on the Nymex:
— Wholesale gasoline rose 0.39 cent to $3.1064 a gallon.
— Heating oil added 0.81 cent to $3.0069 a gallon.
— Natural gas advanced by 6.4 cents to $4.055 per 1,000 cubic feet.
Pamela Sampson in Bangkok contributed to this report.