The West Texas Intermediate for July delivery added 59 cents, or 0.5 percent, to settle at 115.26 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery increased 69 cents, or 0.6 percent, to close at 116.29 dollars a barrel on the London ICE Futures Exchange.
Prices garnered support from market optimism that China would see a solid recovery in energy demand amid progress in COVID-19 battle in Shanghai.
As of Wednesday, Shanghai has largely returned to normal production and life after two months of closed-off management to contain the COVID-19 resurgence.
Traders continued to weigh the European Union's Russia oil embargo as the bloc has agreed to ban most oil imports from Russia.
Oil participants are also awaiting a key meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+. The oil alliance is set to meet on Thursday to discuss its production plans.
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