The market was also supported by data showing US crude stockpiles fell more than expected earlier this month.
This is coming as the International Energy Agency (IEA) has predicted that the United States would overtake Russian Federation as the world's biggest oil producer by 2019 at the latest, as the country's shale oil boom continues to upend global markets.
There is little OPEC can do about rising US-produced overseas crude oil sales without turning open the taps again.
U. S. West Texas Intermediate crude was down 37 cents, or 0.6 percent, at $62.64 by 0142 GMT, after falling 90 cents the previous session. S. crude and gasoline stockpiles, with surging production in the country hampering OPEC attempts to end a global glut.
"We're not so much anxious about inventories, but trying to see how USA domestic production and rig count numbers are coming to week by week", David Lennox, a commodities analyst at Fat Prophets in Sydney, said by phone.
The U.S. Energy Information Administration (EIA) expects in its latest Short-Term Energy Outlook that U.S. production will average 10.6 million bpd this year.
John Shuster Leads US's 'Team of Rejects' to Olympic Curling Gold
The team, which won the first US gold curling medal, features northeastern Minnesotans and northwestern Wisconsinites. He responded by losing 35 pounds and starting up his own team, which soon earned the nickname "The Rejects".
Hedge funds continued to take profits on their bullish positions in crude and especially refined fuels in the most recently reported week but supportive comments from OPEC helped steady oil prices.
The spread, however, shrank in recent years after the broader oil market meltdown in 2014, combined with the inauguration of USA crude exports at the end of 2015 and into 2016.
The prices of oil remained sturdy for three consecutive weeks in Saudi Arabia. It will reassure those Americans that fear the USA is always being held to ransom by Middle East, even though the United States spends a huge amount on defending the regions' oil fields - think Desert Storm and all that.
That doesn't mean USA crude exports will necessarily fall back to the old levels before a year ago, below 1 mb/d, for example.
Just a few years ago, hardly anyone expected that that the US would be competing with the world's top oil producers for the number 1 spot.
Paul Heyman Says Brock Lesnar Is Ready For A UFC Return
Lesnar's contract is up in April after WrestleMania , the sports entertainment company could keep him around through August. He went on to beat Frank Mir and Shane Carwin, before dropping the title to Cain Velasquez at UFC 121 in October 2010.
Fund positioning remains very stretched with longs outnumbering shorts by a ratio of nearly 10:1, but down from nearly 12:1 at the end of January.
"We need to add 15 million barrels daily by 2040 to meet demand", he added, putting the needed investment at $10.5 trillion.
The entire energy complex was led lower by gasoline futures after a surprise build in USA gasoline stocks, which rose by 2.5 million barrels, compared with expectations for a 190,000-barrel drawdown.
Arab News quoted Mazrouei as saying that cooperation between oil producers including Russian Federation had reached levels that were "more than expected".
The gap between WTI and Brent crude oils has narrowed for several reasons.
Who Was Dan Fegan? Popular NBA Agent Dies In Car Crash
Colorado authorities say one person has died in a crash involving a commuter bus and a rented SUV. It is also the year Fegan signed an estimated $582.7 million in contracts for 17 clients.