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.

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

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,

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

World oil demand for 2020 is expected to decline by 9.77 mb/d,

Crude oil production from the major US onshore regions is forecast to decrease 137,000 b/d month-over-month in December from 7,575 to 7,438 thousand barrels/day, gas production to decrease 744 million cubic feet/day from 81,521 to 80,777 million cubic feet/day .

Brent rose 67 cents, or 1.3%, to $50.64 a barrel . WTI were up 62 cents, or 1.3%, at $47.19 a barrel.

Consumption of refined fuels, a proxy for oil demand, in November rose 0.4% from the previous month to 17.83 million tonnes