Oil prices pulled back today as the prospect of delays to U.S. interest rate cuts and a rise in U.S. crude stocks offset a boost from a potential extension to OPEC supply curbs.

In intra-day trade, Brent crude futures were trading around 0.85 percent lower at 82 dollars and 95 cents when reports last came in. U.S. West Texas Intermediate crude futures saw a decline of almost 0.96 percent to trade at 78 dollars and 11 cents when reports last came in.