Brent crude was up $1.25, or 1.8%, at $72.84 a barrel
Crude oil processing will probably take considerably longer to recover from the outages than crude oil production, which suggests that crude oil stocks will increase in the coming weeks," says Commerzbank
Brent crude futures were down 86 cents, or 1.2%, at $72.22 a barrel.
The bullish trend in oil remains intact, thanks to optimism surrounding the demand outlook. The dollar may well be strengthening but the fundamental picture for oil hasn't changed.
Fossil fuel companies, and especially producers in Canada's high-carbon oil sands, face growing pressure from investors and lenders to cut emissions.
Canadian Prime Minister Justin Trudeau has set a goal of dropping national emissions by 40-45% by 2030, and reaching net-zero emissions for the country by 2050.