Saudi Energy Minister Prince Abdulaziz bin Salman, who has warned his counterparts of the market's shaky footing and the need to be proactive on production policy, could very well welcome any lobbying by the Trump administration, if global oil demand prospects do not improve.

U.S. Rig Count is up 5 from last week to 287, Canada Rig Count is up 3 from last week to 83,

Brent rose 20 cents, or 0.5%, to $42.66 a barrel, WTI added 15 cents, or 0.4%, to $40.79.

Brent were up 43 cents at $42.16 a barrel, WTI ticked up 44 cents to $40.47 a barrel.

In 2040, despite increasing investments in renewables and concerns with emissions, oil and gas are still projected to make up about 50 percent of the global energy mix. This is a view held by major third-party sources.

U.S. commercial crude oil inventoriesdecreased by 1.0 million barrels to 488.1 million barrels.

Brent were at $42.44 a barrel, WTI slipped 73 cents, or 1.75%, to $40.97.

Brent were trading flat at $42.62 a barrel, WTI rose 5 cents, or 0.1%, to $40.88.

OPEC and 10 partners are set to ease their 7.7 million b/d collective production cuts by about a quarter to 5.8 million b/d at the start of 2021,

Real GDP for oil exporters including Saudi Arabia and Iran will shrink 6.6% this year,