Oil prices extended gains on Thursday as a weak dollar and supportive comments from Saudi Arabia outweighed record U.S. production and rising inventories.
U.S. West Texas Intermediate (WTI) crude futures ended Thursday's session up 74 cents, or 1.2 percent, at $61.34 a barrel, extending the 2.4-percent gain the day before.
Brent crude futures pared earlier losses and were down 2 cents to $64.34 per barrel at 2:29 p.m. ET, after Wednesday's 2.6-percent climb.
The premium of Brent over WTI was near its lowest in six months.