International Brent crude futures were trading at $56.96 per barrel at 0750 GMT, up 15 cents from their last close. U.S. West Texas Intermediate (WTI) futures were up 18 cents at $54.01 a barrel.
Oil and gas extraction jobs increased by 100 to 177,400 in January, while support services jobs increased by 600 to 195,200 in December, its second increase in a row, according to U.S. Bureau of Labor Statistics (BLS) data.
Japan is putting together a package of plans for Japanese companies to invest in infrastructure and job-creation projects in the United States. Japan is the world's biggest buyer of the gas cooled to liquid form for transport on ships and takes in nearly a third of global shipments.
With India's oil demand showing no signs of slowing, which in turn is attracting a lot of multinational firms to set up shop in the country, the government is stepping up efforts to ensure that state-run oil companies are on equal footing to compete, not just with domestic private players but also with global oil firms.
U.S. Rig Count is up 158 rigs from last year's count of 571, with oil rigs up 116, gas rigs up 41, and miscellaneous rigs up 1. Canadian Rig Count is up 101 rigs from last year's count of 242, with oil rigs up 66 and gas rigs up 35.
China will launch the trading of green certificates for solar and wind power on July 1 in a bid to help reduce government subsidies to the renewables sector, the National Development and Reform Commission (NDRC) said.
Brent crude LCOc1 was up 25 cents at $55.83 a barrel at 0954 GMT, having traded in a narrow 53-cent range so far in the session. U.S. crude CLc1 rose 26 cents to $53.07.
Российская сторона гарантировала надежность поставок энергоресурсов в Венгрию, отметив технологическую возможность для Венгрии покупать газ, в частности, по "Северному потоку 2" и "Турецкому потоку", при этом РФ не исключила дальнейший транзит газа в Венгрию через Украину в случае экономической целесообразности и надежности этих поставок.
Light, sweet crude oil prices on the New York market and Brent crude oil prices on the London market surged by more than $1/bbl on Feb. 1 as traders and analysts shrugged off a big jump in the US oil inventory report.
Saudi Arabia, the world’s largest crude exporter, raised pricing for March sales to buyers from the U.S. to Asia as output cuts by OPEC and other producers shore up oil prices.