An internal OPEC document, suggested a 0.5 million bpd cut in February as part of several scenarios considered for 2021
Monday and Tuesday have been two of the most turbulent days in the history of oil trading, as investors confronted the reality that worldwide supply will overwhelm demand for months or years
Brent crude was up 69 cents, or 2.5%, at $28.38 a barrel by 0102 GMT. US West Texas Intermediate (WTI) was up 56 cents, or 2.8%, at $20.43
The energy watchdog, however, said that the oil industry is coming under strain as it copes with increasing global demand