The surge in US crude stockpiles added further pressure for black commodity trading to remain weak following uncertainty that OPEC + will agree to a plan to suspend increased spending next year.
The Brent crude level marker traded lower at $ 47.10 a barrel, while United States WTI also slumped at $ 44.20 a barrel during early European trading.
Data published by the American Petroleum Institute (API) on Tuesday showed an increase of 4.1 million barrels on the week off, striking rather than forecast for a decline of 2.4 million barrels.
Crude prices had previously weakened as the world's top oil producers suspended their decisions to ease spending that were due to be announced on Tuesday.
Earlier this year, the pool agreed to cut spending by as much as 7.7 million barrels a day to restore balance in an oil market that has been hit by weak fuel demand caused by the Covid-19 crisis.
As the risk of Covid-19 is still a threat following the initial resurgence in some countries, the market hopes that OPEC will suspend plans to increase spending in the first term of 2021.
Meanwhile, the good news regarding US stimulus relief has helped prop up oil prices rather than falling lower.
