Asian shares were mostly lower on Tuesday, while oil prices hovered near one-year highs on growing expectations of an output cut by OPEC producers. Brent crude LCOc1, slipped 0.2 percent to $53.05 a barrel after surging as much as 3 percent on Monday. U.S. crude futures CLc1 dipped a similar amount to $51.26, after jumping to a four-month high in the previous session. The overnight gains came after Russia said it was ready to join the Organization of Petroleum Exporting Countries in limiting crude output and Algeria called for similar commitments from other non-OPEC producers. OPEC aims for agreements to cut about 700,000 barrels per day in its first reduction in eight years. In equity markets, MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS retreated 0.9 percent after creeping higher on […]