Oil prices bounced back on Wednesday thanks to US inventory statistics which showed a drop in the surplus.
It comes after crude dropped back towards US$40 per barrel.
The figures from the American Petroleum Institute revealed a 1.34mln barrel drop in crude last week, which was as expected.
The weight on oil market sentiment continues to be the apparent glut in supply - put simply, there’s still too much oil production and not enough demand.
In London, Brent crude rose 0.9% to US$42.20 per barrel while West Texas Intermediary futures gained around 1.1% around US$40.