U.S. West Texas Intermediate crude settled down Movement.down.loss 6 cents , or 0.9 % , at $ 52.75 per barrel , after earlier reaching $ 54.05 , its highest Position.high since Thursday .

The dollar index hit a new intraday high Position.high of 89.467 , the highest Position.high level since March 2009 .

U.S. crude output averaged 8.6 million bpd in August , the highest Position.high since 1986 , government figures showed on Tuesday .

U.S. oil production rose Movement.up.gain to 9.71 million bpd last week , according to government data released during the week , the highest Position.high level since the early 1970s and close to the output of top producers Russia and Saudi Arabia .

Russian oil production in August rose Movement.up.gain to 11.294 million barrels per day -LRB- bpd -RRB- , data showed on Monday , hitting its highest Position.high since March and breaching Moscow 's agreed output ceiling under a pact with other producers .

WTI is up Movement.up.gain more than 2 per cent to $ 63.02 , also its highest Position.high point in two weeks .

WASHINGTON -LRB- Reuters -RRB- - Crude oil exports from the United States were 268,000 barrels per day in April , the highest Position.high in 15 years , with almost all of the oil delivered to Canada , the U.S. Energy Information Administration said on Monday .

The Brent futures contract - an international benchmark sensitive to geopolitical turmoil - rose Movement.up.gain $ 1.85 to $ 111.80 a barrel by 7:02 a.m. ET , paring earlier gains Movement.up.gain that saw it rise Movement.up.gain more than $ 2 to its highest Position.high since early March .

U.S. energy companies added Movement.up.gain two oil rigs in the week to Dec. 8 , bringing the total count up to 751 , the highest Position.high since September , General Electric -LRB- NYSE : NYSE : GE -RRB- 's Baker Hughes energy services firm said in its closely followed report on Friday .

Vigorous Grow.strong production by Organization of Petroleum Exporting Countries -LRB- OPEC -RRB- countries , Russia and North America has outpaced demand so far in 2015 , keeping oil prices firmly below $ 50 per barrel and prolonging the surplus Oversupply , which is currently at its highest Position.high in a decade , the report said .

Crude futures were buoyed by data showing China 's oil imports rose Movement.up.gain to 9.01 million barrels per day -LRB- bpd -RRB- last month , the second highest Position.high on record , data from the General Administration of Customs showed on Friday .

The U.S. West Texas Intermediate crude December contract was up Movement.up.gain 42 cents or about 0.77 % at $ 54.80 a barrel by 03:45 a.m. ET -LRB- 07:45 GMT -RRB- , the highest Position.high since January .

Oil prices were higher Movement.up.gain after the news as trade tensions trade.financial.tension wore off , with both Brent and WTI were near their highest Position.high levels since November 2014 .

U.S. drillers added Movement.up.gain five oil rigs drilling for new production in the week ending April 20 , bringing the total count to 820 , the highest Position.high since March 2015 .