Oil prices inched lower on Wednesday as market participants remained skeptical that producers will reach an agreement to freeze output to rein in a global supply glut.
London Brent crude for November delivery was down 4 cents at $47.22 a barrel by 0018 GMT, after settling down 37 cents on Tuesday.
NYMEX crude for October delivery was down 8 cents at $44.75, after settling up 39 cents on Tuesday.
Oil prices hit a one-week high on Monday after Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but they have since fallen due to the mounting uncertainty over a deal.
