Investing.com - Oil was higher Thursday after industry data showed an unexpected fall in U.S. inventories.
Brent crude was up 85 cents, or 1.52%, at $56.69 at 08:00 ET. U.S. crude added 80 cents, or 1.49%, to $54.39.
American Petroleum Institute data Wednesday showed a surprise draw of 884,000 barrels in U.S. crude stocks in the latest week.
Energy Information Administration (EIA) official inventory figures are due out later Thursday.
The EIA is forecast to report a rise of 3.475 million barrels in U.S. crude stocks.
Sentiment remains upbeat on a high compliance level with agreed cuts of 1.8 million barrels a day by OPEC and non-OPEC producers.
However, increased North American shale activity could undermine the potential draw in inventories of the agreed cuts.