Brent crude was up 51 cents or 0.6 per cent at $81.77 a barrel by 0845 GMT, having risen 2.5 per cent on Monday.
U.S. West Texas Intermediate oil rose 50 cents or 0.6 per cent to $80.98, after gaining 2.3 per cent the previous session.
Despite the pressure to ramp up output, OPEC+ was concerned that a fourth global wave of COVID-19 infections could hit the demand recovery, a source told Reuters a little before the vote. “$80+ Brent price might feel toppy, and the move up yesterday might look exaggerated,’’ PVM analysts said, pointing to falling stock markets and shrinking supply deficits.“But prices are only seen uncomfortably high until the first cold spell arrives in the northern hemisphere creating additional demand and triggering a fresh bout of buying.’’
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