Crude oil trade resumed at the start of Thursday's trading after being shown by encouraging US supply data, in addition to being supported by confidence that the coronavirus stimulus package would be achievable.
The benchmark Brent crude futures traded stable at $ 42.27 a barrel, while the US WTI traded at $ 40.16 a barrel.
The Energy Information Administration (EIA) unexpectedly reported U.S. crude oil supply fell sharply last week with a decline of 2 million barrels, beating market expectations for an increase of 1 million barrels.
Meanwhile, after negotiations on a new stimulus package were held, US Treasury Secretary Steven Mnuchin said that his talks with House Speaker Nancy Pelosi had made a lot of progress.
Mnuchin later said he could not accept the Democrats' proposal for a stimulus package worth $ 2.2 trillion, offering a lower value of $ 1.5 trillion.
However, both sides reportedly agreed to the Democrats' proposal for direct payment assistance to Americans.
However, concerns over continued demand hit the black commodity market following the Covid-19 infection case which continued to increase.
