The price of oil had dropped nearly $1 on Wednesday after a U.S. government report showed crude stocks rose a more-than-expected 5.1 million barrels last week, adding to ample supplies.
"It's been pretty weak recently so maybe a rally is not unexpected," said Christopher Bellew, an oil futures broker at Bache Financial in London.
U.S. crude
Supporting the market, Italian oil company Eni declared a force majeure on exports from the Okono terminal in Nigeria after it was attacked, ship agent Gulf Agency Company said late on Thursday.
Prices are vulnerable to wider fluctuations as the New York Mercantile Exchange is shut for the two-day Thanksgiving holiday while electronic trade is continuing, leaving trade thinner.
"Because of the holiday it's light volume and that sets the stage for volatility," said Mike Wittner, oil analyst at investment bank Calyon in London.
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