Oil prices dipped early on Tuesday, weighed down by a rise in Iranian exports that adds to a global supply overhang, although a planned OPEC-led supply cut later this year has lent crude some support.

International Brent crude oil futures were trading at $50.79 per barrel at 0015 GMT, down 10 cents from their previous close.

U.S. West Texas Intermediate (WTI) crude was down 15 cents at $48.66 a barrel.

            Traders said prices were dented by the latest rise in Iranian crude and condensate sales, which likely reached about 2.8 million barrels per day (bpd) in September, almost matching a 2011 peak in shipments before sanctions were imposed on the OPEC producer.

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