Oil prices were on track to gain for a second straight day on Tuesday after settling up more than a dollar on expectations of tighter supply driven by Russian production cuts and attacks on Russian refineries. Brent crude rose 23 cents to $86.98 a barrel by 0118 GMT. U.S. crude futures climbed 28 cents to $82.23. Crude oil gained on supply side issues and continued Middle East tensions, according to a note from ANZ analysts.

Both contracts settled $1.32 higher in the previous trading session. Russia told its oil companies to reduce output to meet an Organization of Petroleum Exporting Countries (OPEC) target of 9 million barrels per day (bpd). In late February, Russia had been producing about 9.5 million barrels per day.

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