Investing.com – Oil Thursday added to overnight gains after a surprise draw in U.S. crude stocks.
U.S. crude was up 44 cents, or 0.97%, at $45.78 at 07:15 ET. Brent crude gained 0.79% to $47.20.
Official Energy Information Administration (EIA) figures Wednesday showed a draw of 6.2 million barrels in U.S. crude stocks in the latest week.
The EIA was forecast to report a build-up of 3.4 million barrels.
Investors are still weighing up the prospects of an agreement to curb output.
Major producers are due to hold informal talks in Algeria later this month.
The dollar fell after the Federal Reserve opted to leave interest rates on hold but signaled a possible hike later in the year.
The dollar index was down 0.3%. A weaker dollar underpins demand for oil.