Fitch Ratings has affirmed Abu Dhabi National Oil Company's (ADNOC) Long-Term Issuer Default Rating (IDR) at 'AA' with a Stable Outlook.

Brent rose 72 cents, or 1.4%, to $51.80 a barrel. WTI rose by 71 cents, or 1.5%, to $48.53 a barrel.

Total OECD indigenous production of crude oil, NGL and refinery feedstocks decreased by 7.3% in September 2020 compared to September 2019.

Total OECD indigenous production of natural gas decreased by 3.5% in September 2020 compared to September 2019

In September 2020, total net electricity production in the OECD was 841.0 TWh, down by 3.2% compared to September 2019 and down by 10.4% compared to August 2020. In the first three quarters of 2020, total electricity production was 7,731.5 TWh, down by 3.3% compared to the same period in 2019.

U.S. commercial crude oil inventories decreased by 3.1 million barrels to 500.1 million barrels.

Several factors contributed to the increase in U.S. LNG exports in recent months.

The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent

The Nikkei 225 Index closed up 0.18% at 26,806.67, reversing losses from morning trade. The broader Topix rose 0.32% to 1,792.58.

The US brought live 3.8 GW of solar photovoltaic (PV) capacity in the third quarter of 2020, and is seen to reach 19 GW of annual installations.

Brent fell 15 cents, or 0.3%, to $50.61 a barrel. WTI fell 13 cents, or 0.3%, to $47.49 a barrel.

Over January-November, Chinese refineries processed 614.41 million mt or 13.44 million b/d of crude, up 3.1% year on year on a metric tons basis,

China’s blue-chip CSI 300 index added 0.15% and Hong Kong’s Hang Seng index climbed 0.86%.

U.S. industrial production increased 0.4 percent in November.

Brent fell 2 cents to $50.27 a barrel . WTI was up 2 cents at $47.01.