By Henning Gloystein
SINGAPORE (Reuters) - U.S. oil prices on Thursday extended gains from the previous session on a fall in U.S. commercial crude inventories, while international crude markets were weaker due to the trade dispute between the United States and China.
U.S. West Texas Intermediate (WTI) crude futures
"Oil prices jumped overnight as inventories drew down more than expected," said William O'Loughlin, investment analyst at Australia's Rivkin Securities.
U.S. commercial crude oil inventories
International markets were more cautious as the ongoing trade spat between the United States and China was seen as a drag on economic growth, traders said.
Brent crude oil futures
On the supply side, U.S. crude oil production
That means the world's three top producers, Russia, the United States and Saudi Arabia, now all churn out around 11 million bpd, meeting a third of global demand.
(Reporting by Henning Gloystein; Editing by Joseph Radford)