Brent crude futures firmed 95 cents or 1.14% to $83.98 per barrel by 0411 GMT, while US West Texas Intermediate crude futures climbed 80 cents or 1.02% to $79.00 per barrel.
"Energy markets are not properly pricing how resilient the global economy remains and this week we could see an upward revision with the US quarter three GDP reading," senior analyst Edward Moya at OANDA said in a client note. "Oil's rally ran out of steam after reports that OPEC+ might end up keeping their output steady. Expectations were growing for them to seriously consider an output cut," Moya added.
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