Brent rises above $62 ahead of US drilling data

Oil prices rose during trading today despite pressure from dollar's rise against most major currencies, ahead of US drilling data for the current week.

Baker Hughes Oil Services will disclose data on the number of drilling rigs for oil and natural gas in America.

In a related context, by 16:35 GMT, the dollar index (against a number of major currencies) rose by 0.1% to 97.1 points, reaching a high of 97.1 points and a low of 96.7 points.

For his part, the Director of the International Energy Agency, Fatih Birol, said that more gains in oil prices should not be expected in light of speculations about a slowdown in global demand growth.

In terms of trade, by 16:30 GMT, West Texas rose by less than 0.1% to $55.3 per barrel, with the highest price at $56.3 and the lowest price at $54.9.

Brent rose 0.4% to $62.2 per barrel, with a high of $63.3 and a low of $61.9.