Oil holds gains ahead of US drilling data

Oil prices rose during today's trading as US dollar fell against most major currencies and ahead of US drilling activities data.

Baker Hughes Oil Services will reveal data of the number of oil platforms in the US this week.

In a related context, by 16:47 GMT, the dollar index (against a number of major currencies) fell by 0.2% to 96.8 points, reaching a high of 97.1 points and a low of 96.8 points.

OPEC has announced in its monthly report that the production of member states fell by about 68 thousand barrels per day to 29.8 million barrels per day last month.

In terms of trading, by 16:44 GMT, West Texas rose by 0.5% to $60.5 per barrel, with the highest price at $60.7 and the lowest at $59.9.

Brent climbed 0.6% to $66.9 per barrel, hitting a high of $67.2 and a low of $66.5.