Brent crude rose 54 cents, or 1.2pc, to $44.94 a barrel by 0852 GMT, while US West Texas Intermediate (WTI) crude was up 69 cents, or 1.7pc, to $41.91 a barrel.
U.S. West Texas Intermediate (WTI) crude futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, while Brent crude futures were up 40 cents, or 0.9%, at $44.80 a barrel.
The Ministry of Finance said that the deferred oil payment facility from Saudi Arabia expired on July 9 this year and a request to extend the agreement was being considered with Saudi Arabia.
Brent crude fell 69 cents, or 1.5%, to settle at $44.40 a barrel. U.S. West Texas Intermediate (WTI) crude fell 73 cents, or 1.7%, to end at $41.22 a barrel.
U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $41.93 a barrel at 0246 GMT, while Brent crude fell 6 cents, or 0.1%, to $45.03, after both contracts had earlier traded higher.
U.S. West Texas Intermediate (WTI) crude futures eased 3 cents, or 0.1%, to $42.16 a barrel by 0436 GMT, while Brent crude futures rose 9 cents or nearly 0.2% to $45.25.
Domestic supply tightness, coupled with aging refineries that are unable to produce high grade fuel will push Pakistan to rely a lot more on imports, said the report.
US West Texas Intermediate (WTI) crude futures eased 4 cents, or 0.1pc to $40.97 a barrel at 0655 GMT, while Brent crude futures fell 11 cents, or 0.3pc to $44.04 a barrel.
Brent crude futures slid 26 cents, or 0.6%, to $43.26 a barrel by 0253 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 29 cents, or 0.7%, at $39.98 a barrel.
Exports from Basra and other southern Iraq terminals to July 29 averaged 2.75 million bpd, based on figures from Refinitiv Eikon and an industry source.
Slow demand recovery amid the second wave of COVID-19 infections has depressed spot prices for Middle Eastern crude this month, while Asia’s refining margins remained weak, they said.