Ammon News - Oil prices rose on Thursday, recovering from a five-day losing streak, on signs of steady demand in the United States, the world's largest oil consumer, although concerns over the economic impact of U.S. tariffs capped gains.

Brent crude futures was up 41 cents, or 0.6%, at $67.3 a barrel, as of 0607 GMT.

U.S. West Texas Intermediate crude climbed 0.6% to $64.76, gaining 41 cents.

Both benchmarks slid about 1% on Wednesday to their lowest levels in eight weeks following U.S. President Donald Trump's remarks on progress in talks with Moscow.

Still, oil markets found support from a bigger-than-expected draw in U.S. crude inventories last week. Reuters