Crude prices score gains despite dollar's strength

Crude prices rose on Thursday, recovering the losses made in recent sessions, even as the dollar rallied against main currencies, which would've hurt prices, but strong demand upset that.
 
U.S. crude futures last traded at $50.19 a barrel, up from the opening price of $49.81, with an intraday high at $50.71, and a low at $49.60.
 
The dollar rose to a three-session high against main currencies as demand surged on the greenback while the euro bleeds following the European Central Bank's meeting.
 
Dollar's rise would've hurt crude prices, but upward demand on the commodity helped stabilize prices, after U.S. crude stocks fell last week, reflecting strong U.S. demand.
 
Fears continued about OPEC's production cut not being enough to sap the global oversupply, which forced prices down in the last three session, specially after OPEC and Russia's production rose to record highs last month.