Crude rose to a three-week high after Kuwaiti comments bolstered optimism that OPEC and its partners will extend output curbs.
Elsewhere, the U.S. West Texas Intermediate crude May contract reached a session peak of $49.98 a barrel, also the highest since March 10.
USA gasoline stocks USOILG=ECI fell 3.7 million barrels in the week ending March 24, compared with expectations for a 1.9-million barrel drop, the Energy Information Administration (EIA) said on Wednesday.
U.S. GDP climbed by 2.1 percent in the fourth quarter compared to the previously reported 1.9 percent increase.
US crude exports surged 12 percent in 2016 to 520,000 barrels per day and China became the third-biggest overseas destination for USA crude last year, according to EIA data, up from ninth the previous year.
Kuwait oil minister Essam al-Marzouq said his country was among several nations supporting the extension into the second half of the year of a deal between the Organization of the Petroleum Exporting Countries and other exporters to limit production, state news agency KUNA reported. Non-OPEC countries pledged to cut about half as much.
Nigeria has lost some of its market share in Europe, its biggest regional market, as crude oil exports from the United States penetrate more destinations.
USA sees 'activity' at N. Korea nuke sites
NPR's Bill Chappell notes the remarks were in an apparent reference to the Obama administration's policy toward North Korea. North Korea has made preparations for yet another missile test within the coming days, USA officials have told Fox News .
While the bulk of early crude shipments from the US went to Europe, demand has shifted and many recent cargoes have been sent to Asia, Trafigura's Luckock said.
Iran has affirmed it will adhere to a production cap of 3.8 million barrels per day, which the Saudis took as an important statement of intent.
Libya's output was said to fall to about 500,000 bpd after a pipeline carrying crude from the Sharara field - its biggest - stopped operating.
"Fundamental support has come from Libya where trouble have close down supply from two sites producing 250,000 barrels of oil per day", he said.
OPEC member Libya was excluded from the cuts, agreed late previous year, as the country's oil sector suffered from the unrest that followed the toppling of Muammar Gaddafi in 2011.
The EIA said, "Aside from Canada, European destinations such as the Netherlands, Italy, the United Kingdom, and France rank high on the list of the USA crude oil export destinations".
Prices for front-month Brent crude futures LCOc1, the Global benchmark for oil, were at $52.42 per barrel at 0040 GMT, unchanged from their last close. Increased crude oil imports in 2016 substituted for some domestic crude oil at US refineries, allowing higher exports despite lower USA production and increased refinery runs.
Police called to everyone in the area to get off the street, but then things seemed to calm down and he headed to his meeting. The incident was being treated as a criminal matter and had no apparent connections to terrorism, Capitol Police said.
She said she hopes numbers like that, will help lawmakers see the importance and value of the program and people they help. According to The Washington Post , Mulvaney was referring to the Community Development Block Grant, not Meals on Wheels .
"We just buckled down on defense, and we got back in transition and tried to stop their easy transition buckets", Ionescu said. The junior guard had gone just 2 of 9 over his two previous games, but shot 10 for 12 on his biggest stage yet.
He then fled on foot, stabbing police officers who were patrolling the grounds of the British parliament, before being shot dead. Seven of the 11 people arrested since the Westminster attack have been released with no further action, police have said.
He also claimed he would close down mosques, ban the Quran and completely stop immigrants from gaining entry into Netherland. Mr Rutte's victory could not be more welcome news for Europe as it celebrates its 60th anniversary in Rome next weekend.
It was revealed that Uber's automated cars can only drive for less than a mile without a human having to take over the wheel. This incident is just another wrong turn for the company, still struggling to overcome recent negative publicity.
Without those protections, consumer advocates fear that broadband providers will be able to do what they like with people's data. The FCC's rules did not, however apply to services like Google or Facebook.
The ladies have strengthened their stance through social media utilizing the trending hashtag #BeBoldForChange. The marquee ladies ice hockey tournament is being contested in the USA for the first time since 2012.
Before the Super Bowl, Goodell said he'd gladly go back to Foxborough if he were invited. "Look, he's commissioner in the league". "I plan to be at the kickoff game", Goodell said when asked where he would be that night by Ben Volin of the Boston Globe .
It's their first gathering since House Speaker Paul Ryan suddenly abandoned plans last Friday for a vote on the GOP legislation. White House surrogates like chief of staff Reince Priebus also agreed with the president's assessment of who deserved blame.
What this means, the congressman writes, is that the House now lacks credibility to conduct a proper investigation into Trump and Russian Federation .
Sean Spicer tells reporter to 'stop shaking your head'
Spicer: OK, but you know what? Ryan shook her head again , and Spicer said, "Please, stop shaking your head again". Rice was critical of Trump during the presidential campaign, calling on him to withdraw in October.
Trump Administration Poised to Further Decimate Yemen
The proposed assistance does not include putting U.S. military forces on the ground in this operation, the official said. Human rights monitors say the coalition air raids are to blame for the majority of civilian deaths.
All About The 9.7inch Apple IPad Pro 2017
The reason is unclear but a U.S. launch is still expected, before releasing the refresh to wider consumers across the globe. The iPad Pro debuted a year ago and turned into an immediate success, thus making it easy to accept the iPad Air 2's exit.
Decades-old clue says Trump's bad week might not be so bad
Trump's vague Twitter tease urged followers to tune into " Justice with Judge Jeanine " at 9 p.m. - without specifying why. On Friday evening, a somewhat shellshocked president retreated to the White House residence to grieve and assign blame.
Euro may tumble to 15-year low if Le Pen wins
Ludovic de Danne, Ms Le Pen's worldwide advisor who took part in the meeting with Mr Putin, said: "He wished her good luck". The meeting was a surprise addition to her meeting with Russian lawmakers, which was announced earlier this week.
Romelu Lukaku Reveals Reason For Everton Exit Plans
Romelu Lukaku has cited Everton's lack of ambition as the reason he made a decision to reject a new contract at Goodison Park. Lukaku, who is the EPL's joint-top scorer with 19 goals this season, said he wanted to play in the UEFA Champions League.