Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the rest of the year and potentially into 2019.
U.S. WTI crude futures CLc1 were at $64.62 a barrel at 0354 GMT, up 24 cents, or 0.4 percent, from their previous settlement.
Brent crude futures LCOc1 were at $69.81 per barrel, up 28 cents, or 0.4 percent.
The Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC) together with a group of non-OPEC producers led by Russia started cutting output in 2017 to rein in oversupply and prop up the market.
Brent, off which OPEC prices most its crude exports, has risen by around a quarter since then, which has lead to speculation that the restraints on production may be lifted.
But sources at OPEC told Reuters this week that the group and its allies were set to keep their deal on cutting production for the rest of 2018. this, Brent remained below $70 and WTI under $65 per barrel, weighed by rising crude inventories and production in the United States.
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