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Oil turns higher ahead of US drilling rigs count
Oil prices rose today, to recover from earlier losses, amid retreat in the dollar and ahead of the release of the US drilling activity data.
Later today, Baker Hughes Co will release its data on the US oil and gas drilling activity during this week.
Otherwise, the dollar index fell by 0.1% to 97.4 points as of 13:30 GMT, with an intraday high of 97.6 and a low of 97.4 points.
The US Energy Information Administration (EIA) revealed yesterday that oil inventories rose by about 9.3 million barrels, beating forecasts of a rise by 4 million barrels.
WTI futures for November delivery rose by 0.7% to $54.3 as of 13:49 GMT, with a session-high of $54.09 and a low of $53.7.
Brent rose by 0.1% to $59.9 a barrel, with a high of $60.2 and a low of $59.5.
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