Black commodity trading regained support after witnessing a decline in US crude oil supply data published by the government body, the U.S. Energy Information Administration (EIA).
U.S. crude futures rose 18 cents to $ 48.30 a barrel, while Brent crude gained 20 cents at $ 51.40.
Both benchmarks recorded an increase of over 2% on Wednesday.
The EIA reported U.S. crude oil stocks fell by 562,000 barrels last week. However, the published data was weaker than expected for a reduction of 3.18 million barrels.
According to analysts, the decline in US crude oil supply as well as signs of a potential Brexit deal could weaken the US dollar is good news, but continued concerns about a new variant of the coronavirus have limited this commodity increase.
Investors remain concerned about the recovery in fuel demand following a newer version of the coronavirus that is more contagious, prompting tighter restrictions in Britain.
