Brent rose 35 cents, or 0.5%, to $72.57 a barrel, WTI was at $69.16 a barrel.

Brent fell 98 cents, or 1.4%, to $71.63 a barrel, WTI was at $68.34 a barrel, down 95 cents, or 1.4%.

Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th ONOMM and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of October 2021.

U.S. commercial crude oil inventories decreased by 7.2 million barrels from the previous week to 425.4 million barrels.

The Worldwide Rig Count for August was 1,434, up 54 from the 1,380 counted in July 2021,

U.S. Rig Count is down 11 from last week to 497 , Canada Rig Count is up 5 from last week to 152.

Brent gained 36 cents, or 0.5%, to touch $71.99 a barrel, WTI for October was at $68.81 a barrel, up 31 cents, or 0.5%.

Iraq’s total oil exports for August rose to 3.054 million barrels per day (bpd)

Brent was down 21 cents or 0.3% at $72.49, WTI fell 50 cents or 0.7% to $68.24.

The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, will meet on Sept. 1 to discuss the previously agreed increase of 400,000 barrels per day (bpd) for the next several months.

U.S. Rig Count is up 5 from last week to 508 , Canada Rig Count is down 9 from last week to 147.

Brent rose 98 cents, or 1.4%, to $72.05 a barrel, WTI climbed 93 cents, or 1.4%, to $68.35 a barrel.

OPEC, Russia and nine other countries agreed in July to increase crude production by 400,000 b/d starting August through the end of 2022, a quantity that many analysts said would be insufficient to meet demand in the short-term, given seasonal consumption patterns and the world's recovery from the pandemic.

U.S. commercial crude oil inventories decreased by 3.0 million barrels from the previous week to 432.6 million barrels.

Brent was down 71 cents, or 1%, at $71.54 a barrel, WTI was down 77 cents, or 1.10%, at $67.59 a barrel.