Trading in the black commodity gained momentum this week, with prices surging to three-month highs.
In the European session, Brent crude oil futures traded at $83 a barrel, while US WTI oil traded firm at $80 a barrel.
Oil prices have risen more than 10% so far this month following voluntary production cuts by Saudi Arabia and Russia that are expected to tighten oil supplies.
In addition, OPEC+ also showed willingness to take further actions to support the oil market.
Market sentiment this week was positive for crude oil, where on Tuesday, China announced it would increase policy support in its economic recovery.
It has boosted the outlook for crude oil demand from one of the world's major oil consumers.
Further, oil prices were supported by the US economy which unexpectedly grew stronger in the second quarter.
US gross domestic product (GDP) rose by 2.4% in the second quarter year-on-year from 2.0% recorded in the previous quarter, and exceeded expectations for 1.8% growth.
