Oil climbed to a two-month high near $63 on Thursday, building on the previous session's gains after an unexpected drop in U.S. winter fuel stocks and signs of solid economic growth in the world's top consumer.
U.S. crude rose 44 cents to $62.90 a barrel at 1423 GMT. It earlier hit $63.07, its highest since October 2.
Brent crude rose 76 cents at $63.83.
U.S. inventories of crude oil and refined products fell last week as imports eased and demand was robust, the Energy Information Administration (EIA) said on Wednesday
Distillate stocks, including home heating oil, fell by one million barrels. Analysts had expected a stock build.
"The unexpected pull on U.S. stock levels was an immediate catalyst for the market to trade up," said Andrew Harrington, a natural resource analyst at ANZ Bank in Sydney.
The news pushed oil prices above $62 on Wednesday, helping the market finally break through a two-month-long trading rut.
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