In similar fashion, the metal for delivery in July contracts was trading higher by Rs 32, or 0.73 per cent to Rs 4,387 per barrel in 272 lots.
U.S. West Texas Intermediate pooh-poohed the report, ending Tuesday's session up 77 cents, or 1.2%, at $65.52 a barrel, rallying from a almost two-month low of $64.22/Bbl earlier in the session, Kallanish Energy reports.
The surge in U.S. production has pulled down WTI into a discount versus Brent of more than $11 a barrel, its steepest since 2015. US light crude was down 15 cents at $65.37.
"A consensus for higher oil prices and revenues will be the bedrock of every OPEC nation".
Bloomberg reported on Monday that United States officials asked Saudi Arabia and other supply-cutting countries to raise output by about 1 million barrels per day, dampening prices.
According to the EIA, US crude inventory saw a build of 2.072 million barrels to 436.584 million barrels for the week ended June 1.
"As in previous years, the bulk of crude oil from OPEC countries was exported to the Asia and Pacific region, in the amount of 15.56 mb/d or 62.6 percent".
Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing, Oklahoma, U.S., March 24, 2016.
Further weighing on prices has been rising US output C-OUT-T-EIA , which hit another record last week at 10.8 million bpd.
The group meets in Vienna on June 22 to discuss its supply policy.
Trump announced last month that the USA would back out of a deal with Iran that sought to curb the country's nuclear ambitions in exchange for sanctions relief.
The United States is close to becoming the world's biggest crude oil producer, edging nearer to the 11 million bpd churned out by Russian Federation, with exports also surging.
An economic crisis fed by the country's political instability has limited global supply, helping the Organisation of the Petroleum Exporting Countries (OPEC) hit its target for reduced output faster than expected.