Both U.S. West Texas Intermediate crude and London's Brent, the global benchmark for oil, hit 2019 highs on Tuesday, extending the previous session's rally spurred by OPEC's plans to cut oil exports through June. But after those session peaks, the two benchmarks retreated, with U.S. crude closing slightly down and Brent marginally higher. WTI's May contract, currently its most active, settled down 9 cents, or 0.2%, at $59.29 per barrel, after scaling $59.86 earlier, its highest since November. Oil prices have jumped about 30% this year, underpinned by aggressive production cuts carried out by the 14-member OPEC headed by Saudi Arabia and another 10 allies of the oil-producing club led by Russia. The Trump administration's sanctions on Iranian and Venezuelan crude have further restricted global supplies amid a production drop lately of the otherwise prolific U.S. shale oil. The EIA is expected to cite on Wednesday a U.S. crude stockpile build of 600,000 barrels for the week ended March 15, versus an unexpected draw of 3.9 million barrels in the week prior.