Crude oil prices ended the week mixed cumulatively amid surging Covid-19 caseloads.
Although $50 is less than what Saudi Arabia needs to balance its budget, it is in line with global realities.
OPEC Secretary-General Mohammed Barkindo admits fuel demand is looking "anemic."
Gold prices drifted lower as the greenback gained some strength at Asia's trading session.
LNG was among the top performers in Q3, despite the challenge of the COVID-19 pandemic.
Brent oil futures prices lost 0.2 to trade at $42.35 and West Texas Intermediate (WTI ) fell 0.27% to trade at $40.09.
Brent crude futures rose by 60 cents or 1.4%, to close at $42.32 per barrel.
A rapid rise in U.S tech stocks saw the precious metal losing its shine.
Crude oil prices drifted lower at the first trading session of the week.
Spot gold, known for tracking bullion prices in bullion, gained 1.8% to settle at $1,928.31.