Brent and WTI see gradual upticks following Saudis admitting no deal on freezing production yet.
Brent and WTI rallied on Algerian energy minister's claim that a production freeze agreement was on the horizon.
Oil futures slide as market unconvinced about producers' output freeze plan - despite Iraq signalling willingness to talk.
Brent and WTI futures shed overnight gains as market continues to lose faith in producers' talks.
Lifting of force majeure at Libyan oil terminals and even more Nigerian output weighed on crude markets..
Short-covering and a relatively weaker dollar ensure metal, energy futures register gains in US and Asia.
Crude futures continued to falter as Opec's monthly report pointed to rising global oil supplies
Renewed speculation that US Federal Reserve might raise interest rates in September dragged oil and precious metal future lower.
Data pointing to the biggest decline in US crude inventories in 17 years sent Brent within touching distance of $50 per barrel
American Petroleum Institute data pointing to a massive dip in US inventories send crude futures higher.
Analysts continue to doubt prospects for an oil production freeze while precious metals market takes a breather.
Output freeze will indicate contentment with oil market situation, says Saudi minister Khalid Al-Falih