While U.S. oil supply has been surging Movement.up.gain fast , part of the big gain Movement.up.gain in supplies has come from countries that remain at risk of supply caps Cause.movement.down.loss , including OPEC member and Nigeria .

It ended up Movement.up.gain 1.7 percent on Monday , its biggest daily gain Movement.up.gain since April .

U.S. private payrolls recorded their largest gain Movement.up.gain in 1-1/2 years in June as businesses stepped up hiring , reinforcing views that the economy had rebounded Movement.up.gain from its first-quarter slump Movement.down.loss .

-LRB- Bloomberg -RRB- -- Oil was on course for its third weekly gain Movement.up.gain this month as the cratering Movement.down.loss value of the U.S. currency elevated Grow.strong demand for dollar-denominated commodities when spare crude supplies already were shrinking Movement.down.loss .

U.S. West Texas Intermediate crude oil futures are trading lower Movement.down.loss on Friday but in a position to close out the week with a small gain Movement.up.gain after hitting a multi-month high Position.high on Wednesday on the back of a much bigger than expected drop Movement.down.loss in U.S. crude stockpiles .

While U.S. oil supply has been soaring Movement.up.gain fast , part of the big gain Movement.up.gain in supplies has come from countries that remain at risk of supply curbs Cause.movement.down.loss , including UAE and OPEC .

Total motor gasoline inventories rose Movement.up.gain by 1.7 million barrels , significantly higher Movement.up.gain than expectations for a 0.5 million barrel increase Movement.up.gain and the biggest gain Movement.up.gain since early April .

Elsewhere in the U.S. , the Energy Information Administration said in its weekly report that U.S. crude oil inventories fell Movement.down.loss by 1.233 million barrels last week following a gain Movement.up.gain of 250,000 in the preceding week .

`` Oil prices face yet another weekly gain Movement.up.gain due to the weak Slow.weak U.S. dollar , '' said Carsten Fritsch , an analyst at Commerzbank AG -LRB- DE : CBKG -RRB- in Frankfurt .