The US oil rig count rose last week by two to 416, the most since February but well below the year-ago level of 644.
Opec and non-Opec producers will meet from sept 26-28 in Algeria on possibㅑle measures to stabilise prices. While the market is sceptical of an agreement, there is hope for a pact between Russia and Saudi Arabia, whose officials plan to meet next month to discuss a definitive agreement.