Both benchmarks were trading at their highest since June 7 after rising more than 1.5% in the previous session on a report showing U.S. crude and fuel inventories fell last week.
The administration said the Environmental Protection Agency would stop pursuing a "costly and premature" plan to regulate oil and gas development in the Uintah and Ouray Indian reservations.
Laredo Petroleum previously stated the possibility to monetize its stake in Medallion to either further de-lever its balance sheet or accelerate drilling activities in the Permian.
The so-called 2.4 auctions will offer 30 areas, of which 10 are in the Cordilleras Mexicanas deepwater basin, 10 others in the Salina Basin, nine in the Perdido Fold Belt off the U.S.-Mexico maritime border and one more in the Yucatan platform.
Crude inventories fell by 4.7 million barrels in the week to July 14, compared with analysts' expectations for a decrease of 3.2 million barrels, the EIA said.
BP is considering an IPO of its vast U.S. Midwest and Gulf Coast pipeline assets, the company said July 18, a move that would raise cash.
Russia is ready to continue working with OPEC, a source said, adding that Moscow welcomed a flexible approach by OPEC's leader Saudi Arabia to accommodate rising output from Nigeria and Libya.
Before the EIA report that revealed a bigger weekly draw than forecast in crude and gasoline stocks, WTI and Brent futures were up about 0.6%, supported by strong demand for gasoline.
New Dawn Energy is offering a stake in Delaware Basin assets in Culberson County, Texas, operated by Concho Resources through a sales process being handled by Riviera-Ensley Energy Advisors.
API lauds Trump approach to trade deficit in NAFTA negotiations.
BJ Services, a fracking company recently spun out of Baker Hughes, aims to go public on the New York Stock Exchange in a proposed IPO for up to $100 million.
Petro River's exploration well in its Sunset Boulevard prospect in Kern County, Calif., confirmed at least two commercially successful pay zones with "significant reserve potential," the company said.