Oil prices on Thursday held most of their gains of around 2 percent from the previous session, buoyed after the International Energy Agency raised its forecast for growth in global oil demand.
London Brent crude for November delivery was down 11 cents at $55.05 a barrel by 0035 GMT, after settling Wednesday up 89 cents, or 1.6 percent.
NYMEX crude for October delivery was down 4 cents at $49.26, after ending the last session up $1.07, or 2.2 percent.
Wednesday's gains came despite U.S. government data showing another big build in U.S. crude inventories due to Hurricane Harvey.
The global oil surplus is beginning to shrink due to stronger-than-expected European and U.S. demand growth, as well as production declines in OPEC and non-OPEC countries, the International Energy Agency said on Wednesday.
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The IEA raised its 2017 global oil demand growth estimate to 1.6 million barrels per day (bpd) from 1.5 million bpd.
NYMEX crude for October delivery was down 4 cents at $49.26, after ending the last session up $1.07, or 2.2 percent.
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