Brent was up $1.20 cents, or 1.5%, at $83.59 a barrel. WTI was up $1.46, or 1.8%, at $80.81 a barrel.

The steep rise in European gas prices has been driven by a combination of a strong recovery in demand and tighter-than-expected supply, as well as several weather-related factors.

Brent jumped 93 cents, or 1.1%, to $82.88 a barrel. WTI jumped 93 cents, or 1.1%, to $82.88 a barrel.

Reconfirmed the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of November 2021, as per the attached schedule.

Brent rose as high as $83.47, the highest since October 2018, and was down 4 cents at $82.52. WTI rose as high as $83.47, the highest since October 2018, and was down 4 cents at $82.52.

"Global oil demand is expected to return to pre-COVID levels towards the tail end of 2022, but the recovery will be uneven. Asia is clearly the driver of growth," IEA Executive Director Fatih Birol said

Commodity markets have seen turbulent times in recent months and years. Dated Brent has swung from $85.51/b in October 2018 to $13.24/b on April 2021; its lowest since March 18, 1999.

Brent was down 8 cents at $78.56 a barrel, WTI rose 11 cents to $74.94 a barrel.

Dated Brent prices should average somewhere in the upper $70s/b in October and it is quite possible that they may rally during this time,

Brent was down $1.34, or 1.7%, at $77.75 a barrel, WTI dropped $1.38, or 1.8%, to $73.91 a barrel.