Oil prices rallied on Thursday, boosted by data showing a surprise draw in U.S. crude inventories and a drop in the dollar.
West Texas Intermediate (WTI) futures rose 98 cents, or 1.6 percent, to $62.66 a barrel by 2:18 p.m. ET, after hitting a two-week intraday high above $63.
Brent crude futures were up 89 cents, or 1.4 percent, at $66.31 a barrel. The contract also hit a two-week high.
U.S. crude inventories unexpectedly fell 1.6 million barrels in the week to Feb. 16, as net imports dropped to a record low and exports surged, according to data from the Energy Information Administration. Analysts had expected an increase of 1.8 million barrels.
Crude stocks at the closely watching Cushing, Oklahoma delivery hub for WTI fell by 2.7 million barrels, EIA said.