Oil edged higher in Asia after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through year-end.

Global benchmark Brent crude traded near $85 a barrel, while West Texas Intermediate rose toward $81. The announcement by the OPEC+ heavyweights on Sunday comes after the vanished Israel-Hamas war premium and concerns that global demand is weakening helped push oil down more than 6% last week.