The West Texas Intermediate for January delivery added 96 cents, or 1.24 percent, to settle at 78.2 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery lost 16 cents, or 0.19 percent, to settle at 83.03 dollars a barrel on the London ICE Futures Exchange.
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, will meet on Dec. 4. In October, the oil alliance agreed to reduce its output target by 2 million barrels per day from November to shore up prices.
Traders were also anticipating data on U.S. fuel stockpiles as the Energy Information Administration will release its weekly petroleum status report on Wednesday.