Brent crude futures rose 18 cents, or 0.2%, to $76.30 a barrel at 0122 GMT, while U.S. West Texas Intermediate crude futures inched up 6 cents, or 0.1%, to $70.83 a barrel. The benchmarks had fallen over 3% and 4% respectively on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output.
Brent crude futures showed an increase of 18 cents, or 0.2 percent, reaching $77.33 per barrel on December 29, while US West Texas Intermediate crude futures were trading 11 cents higher at $71.88 a barrel.
Members have agreed to this in principle and it now goes to a vote at the meeting, delegates said, asking not the be named because the information was private.
Brent crude futures was down $3.39, or 4.1%, to $79.06 a barrel by 1412 GMT. U.S. West Texas Intermediate (WTI) crude futures were down $3.26, or 4.2%, to $74.51. OPEC+ delayed its ministerial meeting to Nov. 30 from Nov. 26 as previously scheduled, OPEC said in a statement, a surprise development that gave no reason for the postponement.