Crude had surged more than 15 per cent in the four sessions since the November 30 OPEC meeting.
7 Dec 2016 7:43 AM IST
Brent crude settled at $54.94 a barrel, up 48 cents - or 0.88 per cent - before retreating to $54.22 a barrel.
6 Dec 2016 7:49 AM IST
