Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,677 jobs to 650,587 in December, according to the Bureau of Labor Statistics.

Oil crept higher as broader risk-on sentiment helped traders overlook fears of tighter monetary policy from the Federal Reserve.

Neptune Energy has started producing oil at its Romerberg 6 well in Speyer, southwestern Germany.

The Energy Department last week rejected all offers to replenish the stockpile.

Texas crude oil production is yoyoing.

Baker Hughes has named Ganesh Ramaswamy as the executive vice president of the Industrial & Energy Technology business segment effective January 16.