Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in US crude stocks added to worries of tight global supplies.
Brent crude futures climbed 16 cents to $96.71 a barrel.
US West Texas Intermediate crude futures (WTI) rose 20 cents to $93.88.
US crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed.
The crude draws follow production cuts of 1.3 million barrels a day to the end of the year by Saudi Arabia and Russia.
Oil prices surged 3% on Wednesday to the highest settlement in 2023.
Source: Qatar News Agency