Saudi Energy Minister Prince Abdulaziz bin Salman, who has warned his counterparts of the market's shaky footing and the need to be proactive on production policy, could very well welcome any lobbying by the Trump administration, if global oil demand prospects do not improve.

U.S. Rig Count is up 5 from last week to 287, Canada Rig Count is up 3 from last week to 83,

Brent rose 20 cents, or 0.5%, to $42.66 a barrel, WTI added 15 cents, or 0.4%, to $40.79.

Brent were up 43 cents at $42.16 a barrel, WTI ticked up 44 cents to $40.47 a barrel.

U.S. commercial crude oil inventoriesdecreased by 1.0 million barrels to 488.1 million barrels.

Brent were at $42.44 a barrel, WTI slipped 73 cents, or 1.75%, to $40.97.

Brent were trading flat at $42.62 a barrel, WTI rose 5 cents, or 0.1%, to $40.88.

The Committee reviewed the crude oil production data for the month of September 2020 and welcomed the positive performance in the overall conformity level for participating OPEC and non-OPEC Countries, at 102 per cent,

OPEC and 10 partners are set to ease their 7.7 million b/d collective production cuts by about a quarter to 5.8 million b/d at the start of 2021,

Real GDP for oil exporters including Saudi Arabia and Iran will shrink 6.6% this year,

Brent was down 30 cents, or 0.7%, to $42.63 a barrel, WTI was down 28 cents, or 0.7%, at $40.60.

"We see oil demand peaking in around 2040 as a result of a slowing economy, together with less fuel demand for cars, aircraft and ships."

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2020 года составила $40,57909 за баррель, или $296,2 за тонну.

US oil production is unlikely to return to a pre-pandemic peak of more than 13 million b/d,

U.S. Rig Count is up 13 from last week to 282, Canada Rig Count is unchanged from last week at 80,