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US crude supplies have been rising as imports and production recover in the aftermath of Hurricane Harvey, while refineries have been slower to restart.
Brent oil prices rose on Wednesday to sit not far off 26-month highs hit in the previous session amid threats from Turkey that it could cut crude exports from Iraq's Kurdistan region. Brent crude for November delivery was up 21 cents, or 0.4 percent, at $58.65 a barrel by 0240 GMT (8:10 am in India). It settled down 1 percent on Tuesday, after earlier hitting $59.49, its highest since July 2015 and more than 34 percent above a 2017 low.
US crude for November delivery rose 24 cents, or 0.5 per cent, to $52.12, having settled down 0.7 percent after hitting a five-month high of $52.43 on Tuesday.
Oil prices have been supported by output curbs by the Organization of Petroleum Exporting Countries (OPEC) and other major producers, although US crude has lagged behind Brent amid concerns that US production-growth could stoke oversupply.
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