Oil prices rose slightly in early Asian trade on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies.
Brent crude futures rose 17 cents, or 0.2 per cent, to $87.62 by 0007 GMT. US West Texas Intermediate (WTI) crude futures for January began trading Tuesday, rising 7 cents, or 0.1 per cent, to $80.11 a barrel.
Both benchmarks had plunged by more than $5 a barrel in the previous session after The Wall Street Journal reported an increase of up to 500,000 barrels per day will be considered at the OPEC+ meeting on December 4.
