Equity markets veered and bonds traded higher as vote counting showed the election was closer than polls had forecast.
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OPEC and allied producers, led by Russia, together known as OPEC+, are scheduled to reduce output cuts of 7.7 million barrels per day (bpd) by around 2 million bpd from January.
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West Texas Intermediate was up 71 cents, or 1.9%, at $38.37 a barrel by 0157 GMT, having gained more than $1 earlier in the day. Brent crude was up 64 cents, or 1.6%, at $40.35.
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The company said it would distribute a dividend of $18.75 billion for the third quarter of this year, in line with its plan to pay a base dividend of $75 billion for 2020.
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U.S. West Texas Intermediate (WTI) crude futures slipped 6 cents, or 0.2%, to $36.75 a barrel at 0159 GMT, while Brent crude futures fell 15 cents, or 0.4%, to $38.82.
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Oil firms have set varying goals for cutting so-called Scope 1, 2 and 3 emissions. Scope 1 emissions come from oil and gas production, Scope 2 covers emission from energy purchased and Scope 3 covers the supply chain and final consumption.
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Brent crude futures for January dropped $1.49, or 3.9%, to $36.45 a barrel by 0745 GMT, while U.S. West Texas Intermediate (WTI) futures fell $1.58, or 4.4%, to $34.21.
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Demand for the fuel jumped in second half of the month. Sales in first half of October were at 2.65 million tonnes.
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Diesel sales by the country's three state fuel retailers totalled 6.17 million tonnes in October, according to provisional data compiled by Indian Oil Corp (IOC), the country's biggest refiner and fuel retailer.
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Brent crude for January was at $36.78 a barrel, down $1.16, or 3.1%, by 0229 GMT, while U.S. West Texas Intermediate fell $1.24, or 3.5%, to $34.55 a barrel.
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