Industry-research firm Baker Hughes said that the number of rigs drilling for oil in the US climbed by 14 to 371 last week.
A gauge measuring US manufacturing climbed to 52.9 in July from 51.3 in June, with a reading above 50 signaling expansion, Markit said, signaling a pickup in activity at American factories.
At the MCX, crude oil futures for July 2016 contract is trading at Rs 2,973 per barrel, up by 0.41 per cent, after opening at Rs 2,972, against a previous close of Rs 2,961. It touched the intra-day high of Rs 2,994. (At 14:32 PM)
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