Brent rose $3.25, or 4.7%, to $72.48 a barrel, WTI rose $3.01, or 4.6%, to $69.19 a barrel.

A very cold winter could trigger increased gas demand for heating and power generation at a time when European gas stocks remain well below the average for the time of year and supply from Russia continues to disappoint.

Brent fell $2.32, or 3.2%, to $71.12 a barrel, WTI fell $2.15, or 3.1%, to $67.80 a barrel.

"We need to monitor how the situation develops, we must carefully monitor the market. There is no need to make hasty decisions," Novak said.

FERC's latest monthly "Energy Infrastructure Update" report (with data through September 30, 2021) reveals that renewable energy sources accounted for 87.61% - or 16,665 megawatts (MW) - of the 19,022 MW of new capacity added during the first nine months of the year.

Gain attributable to the owners of PJSC Gazprom amounted to RUB 1,550,299 million for the nine months ended September 30, 2021.

Natural gas prices also had an impact on November's power prices. At the Houston Ship Channel, spot gas this November has averaged $4.788/MMBtu, down from October's $5.29/MMBtu but up from November 2020's $2.597/MMBtu.

Brent climbed $3.17, or 4.4%, to $75.89 a barrel, WTI was up $3.35, or 4.9%, at $71.50 a barrel.

OPEC+ ministers, led by Saudi Arabia and Russia, are meeting after Dated Brent nosedived 11% on Nov. 26, sending shock waves into the energy market as news of the Omicron variant outbreak led to bans on flights from South Africa.

The rapid reduction of emissions necessary to cope with climate change will have a huge impact on Vietnam’s energy industry, and is possibly closely linked to short-term policies to develop new and renewable energy sources,

Brent fell $4.07, or 4.9%, to $78.15 a barrel, WTI was down $4.83, or 6.1%, at $73.56 a barrel.

U.S. commercial crude oil inventories increased by 1.0 million barrels from the previous week to 434.0 million barrels.

Brent gained 7 cents to $82.32 a barrel, WTI fell 12 cents, or 0.2%, to $78.27 a barrel.

U.S. Rig Count is up 6 from last week to 569, Canada Rig Count is up 4 from last week to 171.

Brent rose 13 cents, or 0.2%, to $82.44 a barrel, WTI increased 20 cents, or 0.3%, to $78.70 a barrel.