Oil traded above $84 a barrel today, ending a five-day fall in prices.
For May delivery, US crude gained 53¢ to $84.58 a barrel by 4:21am ET, while London Brent climbed 36¢ to $85.08, according to Reuters.
European stocks made a positive start while the dollar was down 0.18%.
Data from the American Petroleum Institute shows that US crude stocks rose by 1.4 million barrels in the week ended 9 April while petrol stocks increased 1.6 million barrels.
Oil is expected to gain more support from China’s GDP growth figures, to be released later this week.