"The surprise cut that they have done recently is a really brilliant move that led to stabilization of the market joined by other OPEC members at the most critical time," Dmitriev, who has been leading Russia's diplomacy in Saudi Arabia alongside Deputy Prime Minister Alexander Novak, said at the Saudi Future Investment Initiative conference.

U.S. commercial crude oil inventories decreased by 9.9 million barrels to 476.7 million barrels.

Brent climbed 51 cents, or 0.9%, to $56.42 a barrel. WTI rose 41 cents, or 0.8%, to $53.02.

Brent was down 28 cents, or 0.5%, at $55.60. WTI fell 26 cents, or 0.5%, to $52.51.

Brent rose 34 cents, or 0.6%, to $55.75 a barrel. WTI was up 37 cents, or 0.7%, at $52.64.

U.S. commercial crude oil inventories increased by 4.4 million barrels to 486.6 million barrels.

Japan crude oil imports decreased by 16% to 2.5 mb/d in 2020

Libyan crude and condensate output surged to around 1.25 million b/d earlier this month, its highest level in more than six years

Angola's oil production declined by 15% to 1.3 mb/d in 2020

Preliminary production figures for December 2020 show an average daily production of 2 135 000 barrels of oil, NGL and condensate.