Investing.com - Oil was higher Wednesday ahead of the release of official U.S. stockpile data.
Brent crude was up 20 cents, or 0.35%, at $56.71 at 08:00 ET. U.S. crude added 17 cents, or 0.31%, to $54.18.
American Petroleum Institute weekly figures Tuesday showed a build-up of 2.5 million barrels in U.S. crude stocks.
Official Energy Information Administration inventories are forecast to show a rise of 3.1 million barrels in crude stocks.
OPEC and non-OPEC producers are pushing ahead with agreed cuts of 1.8 million barrels a day in the first half of the year.
Compliance levels with the cuts have so far been encouraging.
However, a pick-up in North American shale activity could counteract the impact of the cuts.
In his speech to Congress Tuesday President Donald Trump did not elaborate on plans to boost U.S. oil production.
The dollar firmed on U.S. rate hike bets. A stronger dollar undermines demand for oil.