Oil prices ticked higher on Thursday, extending a winning streak into a ninth session, with gains capped by the lack of any clear resolution to U.S.-China trade talks and weak Chinese economic data.
U.S. West Texas Intermediate (WTI) crude oil futures ended Thursday's session up 23 cents at $52.59 per barrel. The modest gain was enough to push WTI to a five-week closing high.
International Brent crude futures were up 30 cents, at $61.74 per barrel around 2:30 p.m.
Both benchmarks rose by around 5 percent the previous day, capping off a week-long climb that marked oil's longest sustained rise since last summer.
Global financial markets had surged on hopes that Washington and Beijing may soon end their dispute and avert an all-out trade war between the two biggest economies.