Brent crude climbed towards USD 58 a barrel on Thursday for the second straight session as speculators covered their positions ahead of the April contract's expiry, while a strengthening dollar and a build in US crude stocks capped prices.
Brent for April delivery rose 24 cents to USD 57.78 at 0426 GMT after gaining USD 1.15, or 2 percent, in the previous session in a rebound from a one-month low. West Texas Intermediate was flat at USD 48.17, after closing the previous session down 12 cents.