They believe relentless US oil production growth will slow rapidly next year.

Dr. Sultan Al Jaber, UAE Minister of State and ADNOC Group CEO, highlighted during his speech at the meeting that the vision of the UAE leadership established a long-term forward-looking vision for the future of energy and oil aiming to enhance the leading and advanced standing of the UAE in the sector. He shed light on the qualitative leap achieved by ADNOC for institutional development and modernization by the adoption of innovation and technology aims to continue to contribute to the achievement of the leadership vision by diversifying sources of income and investment in national talent and business sustainability and shaping the future.

Brent rose $1.20 to $61.69 a barrel, WTI crude added $1.05 to $56.22.

Russia agreed to reduce its output by 228,000 bpd to about 11.18 million bpd in 2019 as part of cuts by the group of producers, known as OPEC+, which agreed to cut their combined output by 1.2 million bpd or 1.2% of global demand.

Brent were down 29 cents at $63.58 a barrel, WTI were flat at $58.11

U.S. Rig Count is down 1 rig from last week to 802, Canada Rig Count is down 11 rigs from last week to 126

Brent dropped 9 cents, or 0.14%, to $64.18 a barrel, WTI fell 12 cents, or 0.21%, to $58.29 per barrel.

Brent were at $63.73, up 34 cents, WTI rose 26 cents, or 0.45% to $58.03 a barrel

One of the top capital raising deals of Q3 2019 was Petroleos Mexicanos’ public offering of notes for gross proceeds of $7.5bn.

U.S. Rig Count is down 3 rigs from last week to 803, Canada Rig Count is up 3 rigs from last week to 137,