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Oil markets were jittery on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.
International Brent crude futures were trading at $46.55 per barrel at 0135 GMT, up 17 cents, or 0.37 % from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $45.52 a barrel, up 29 % or 0.64 % from their last settlement.
Traders said that markets were nervous, and that prices could swing either way quickly depending on developments at the Organization of the Petroleum Exporting Countries (OPEC) meeting in Vienna.
Oil dropped nearly 4 % the previous session over disputes between Saudi Arabia, Iran and Iraq regarding details of the planned cut.
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