Since India's per-capita energy consumption is about one-third the global average, demand is expected to rise exponentially, creating the need to push both refining expansion as well as clean energy initiatives,

U.S. commercial crude oil inventories decreased by 0.4 million barrels from the previous week to 426.5 million barrels.

Brent rose as high as $86.10 and was down 92 cents, or 1.1%, to $84.90. WTI fell 74 cents, or 0.9%, to $82.68.

India, the world's third-biggest importer and consumer of crude, meets around 85% of its demand via overseas purchases with Iraq, Saudi Arabia and the United States being the top three suppliers. India also imports 55% of its gas demand via imports.

Preliminary production figures for September 2021 show an average daily production of 2 022 000 barrels of oil, NGL and condensate.

Brent dropped 64 cents, or 0.8%, to $84.44 a barrel. WTI fell 56 cents to $82.40 a barrel.

Iraq's State Oil Marketing Organization, or SOMO, cut November official selling price differentials by 40-50 cents/b across its Asia-bound Basrah crude grades.

Brent rose 35 cents, or 0.4%, to $84.68 a barrel. WTI gained 70 cents, or 0.9%, to $83.14.

Several factors are fuelling this price surge in energy commodities – primary among them is energy demand having rebounded as economies get back to business and consumers return to pre-pandemic levels of economic activity.

Brent were up 59 cents, or 0.7%, to $85.45 a barrel . WTI were up 59 cents, or 0.7%, to $85.45 a barrel .

U.S. Rig Count is up 10 from last week to 543 , Canada Rig Count is up 1 from last week to 168.

Brent rose 62 cents, or 0.7%, to $84.62 a barrel. WTI rose 56 cents, or 0.7%, to $81.87 a barrel.

World oil demand is estimated to increase by 5.8 mb/d in 2021, revised down from 5.96 mb/d in the previous month’s assessment.

U.S. commercial crude oil inventories increased by 6.1 million barrels from the previous week to 427.0 million barrels.

Brent gained 67 cents, or 0.8%, to $83.85 a barrel. WTI climbed 62 cents, or 0.8%, to $81.06 a barrel.