Crude oil futures are heading for their biggest weekly gain since mid-May to end a five-week losing streak as prices found support in a fall in US production.
US crude futures have gained 5.1 percent since the start of the week, while global benchmark crude futures rose Brent 4.8 percent, the biggest weekly gain since the week ending May 19.
US crude rose 0.6 percent, or 27 cents, to $ 45.20 a barrel by 0646 GMT.
Brent crude rose 0.6 percent, or 30 cents, to $ 47.72 a barrel.
Markets found support this week in data suggesting US output fell after crude prices hit a 10-month low last week as supply overshooted.
US production fell 100,000 barrels per day to 9.3 million bpd last week, its biggest weekly drop since July 2016.
World oil supplies are still plentiful despite production cuts by the Organization of Petroleum Exporting Countries (OPEC) and some independent producers by 1.8 million bpd since January.


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