Oil prices rose on Wednesday, led by US crude after an industry group reported that US stockpiles fell for a fourth week in a row, alleviating concerns about oversupply amid global trade tensions.
West Texas Intermediate (WTI) crude had climbed 81 cents, or 1.4 per cent, to $58.64 by 0151 GMT. Brent was up 61 cents, or 1 per cent, at $64.77, having earlier hit $64.95.
The US and global benchmarks have gained this year as the Organisation of the Petroleum Exporting Countries (OPEC) and big producers such as Russia have honoured commitments to cut output.
Investors have also been on the lookout for any signs that unrelenting production from the US is being consumed.