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Brent crude rose $0.50, or 0.8%, to $61.67 a barrel, up 2.5% on Wednesday.
US crude oil futures rose $0.26, or 0.5%, to $56.23 a barrel, after data showed us inventories fell 1.7 million barrels last week.
"We feel that even some good news in terms of trade or geopolitical development could lead to an overreaction of market prices, as the net speculative position of US crude oil has fallen to a dangerous area," Jim ritterbusch, President of ritterbusch and associates, said in a report.
Ritterbusch said another factor pushing up oil prices on Thursday was reports that a tropical depression was forming in the waters off the Gulf coast of the United States, which could damage oil production or refining activities.
A low pressure over the bay of Campeche is 50% likely to become a hurricane in the next 48 hours, the National Hurricane Center said Thursday.
U.S. Vice President Condoleezza pence criticized China's actions on Thursday, accusing it of restricting "rights and freedoms" in Hong Kong, but insisted the United States does not seek confrontation or try to "decouple" from its main economic rivals.


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