Oil prices rose on Thursday, and erased their earlier losses, as the US dollar held against most major currencies.
The Energy Information Administration reported yesterday that the US crude inventories fell 7.6 million barrels to 459.1 million barrels during the past week, while analysts forecasts a drop by 6.3 million barrels.
The Saudi Energy Minister Prince Abdulaziz Bin Salman said that OPEC+ alliance has a role in taming and containing inflationary pressures that impact the market.
The dollar index held against a basket of major currencies by at 91.8 points as of 17:44 GMT, after hitting a high of 91.8 points and a low of 91.6 points.
As of 17:39 GMT, WTI crude August futures rose 0.1% to $73.1 a barrel, after hitting a high of $73.6 and a low of $72.3.
Brent August futures rose 0.2% to $75.3 a barrel, after hitting a high of $75.7 and a low of $74.7.