Oil rose as investors weighed the prospect of more OPEC+ supply and the fallout from trade tensions between the US and China.

Brent climbed toward $67 a barrel after sliding 2% on Wednesday, while West Texas Intermediate was around $63.

The dollar weakened, making commodities priced in the currency more appealing.

Growing strain within OPEC+, particularly with perennial overproducer Kazakhstan, has stoked fears that output will continue to rise at a faster-than-advertised pace over the coming months.

The Organization of the Petroleum Exporting Countries and its allies will hold a meeting on May 5 to decide what to do in June.

"Until compliance improves, we believe OPEC+ can continue to unwind faster than planned," said Amrita Sen, co-founder of consultant Energy Aspects. "But also that faster unwind can continue for more than just June."

Oil has dropped sharply this month on concerns that US tariffs and counter-levies from its biggest trading partners will hit economic activity and impact energy demand.

Desipte signs of easing tensions between Washington and Beijing, China said on Thursday that the US should revoke all unilateral tariffs and dismissed speculation that progress has been made in bilateral communications between the two nations. 

Source: Bloomberg