Oil prices increased on Thursday as data showed a 2 million barrels rise in US crude oil inventories for the week ending June 10.
International benchmark Brent crude was trading at $118.89 per barrel at 0600 GMT for a 0.32% increase after closing the previous session at $118.51 a barrel.
American benchmark West Texas Intermediate (WTI) was at $115.86 per barrel at the same time for a 0.48% gain after the previous session closed at $115.31 a barrel.
Rise in oil price is supported by tight global supply during a surge in demand for fuel, especially in the US as it enters travel months.
Demand in China is expected to pick up as it eases Covid-19 restrictions.
US commercial crude oil inventories reached 418.7 million barrels, the Energy Information Administration data showed on Wednesday.
Inventories increased by 2 million barrels against the market expectation of a drop of 1.2 million barrels.
By Zeynep Beyza Kilic