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Oil rose more than 1 percent on Monday, boosted by a commitment from OPEC to stick to a deal to cut output, but prices remained more than $7 below last month's high due to persistent doubts over the feasibility of the group's plan.
Brent crude LCOc1 traded at $46.20 per barrel at 1157 GMT, up 62 cents, or 1.36 percent, from the previous close.
U.S. West Texas Intermediate (WTI) crude CLc1 was up 75 cents, or 1.7 percent, at $44.82 a barrel.
The secretary-general of the Organization of the Petroleum Exporting Countries said the group was committed to an output-cutting deal made in Algiers in September.
"We as OPEC, we remain committed to the Algiers accord that we ... put together. All OPEC 14 (members), we remain committed to the implementation," Mohammed Barkindo told reporters at a conference in Abu Dhabi.
Despite this, many analysts doubt OPEC's ability to coordinate a cut sufficient to balance the market.
Brent crude LCOc1 traded at $46.20 per barrel at 1157 GMT, up 62 cents, or 1.36 percent, from the previous close.
U.S. West Texas Intermediate (WTI) crude CLc1 was up 75 cents, or 1.7 percent, at $44.82 a barrel.
The secretary-general of the Organization of the Petroleum Exporting Countries said the group was committed to an output-cutting deal made in Algiers in September.
"We as OPEC, we remain committed to the Algiers accord that we ... put together. All OPEC 14 (members), we remain committed to the implementation," Mohammed Barkindo told reporters at a conference in Abu Dhabi.
Despite this, many analysts doubt OPEC's ability to coordinate a cut sufficient to balance the market.
