Oil prices rose Thursday after two straight days of declines, due to the oil industry further cuts in spending and a falling dollar buying oil city, activation.

The United States crude oil closed above $51 a barrel, from early losses, when the data showed last week, Cushing crude oil inventories rose to the highest possible record. Oklahoma is Cushing crude oil futures contract delivery point in the United states.

U. S. crude oil than Brent crude premium CL-LCO1=R in midday width to about $6.84 a barrel, this is the five months to the broad level, because the United States oil volume increased.

Oil prices since June last year fell by nearly half, French Petroleum Companies Total (Total) Thursday announced spending cuts and layoffs, the latest in a response to the fall in oil prices and oil prices. Shell executive warned of petroleum enterprises, because of budget cuts, the supply of crude oil may not be able to catch up with the growing demand for.

"Shell executive more optimistic view of supply and demand and a weaker dollar also helped support prices," Price Futures Group analyst Phil Flynn said.

Will expire on March Brent crude rose $2.39, or 4.37%, to settle at $57.05 a barrel, down 3% Wednesday.

The dollar index fell nearly 1%, after the economic data show that in January the U. S. retail sales fell 0.8% compared with the previous month, a new beginning of the week please above claims rose to 300000 people.

The United States in March crude oil futures rose $2.37, or 4.85%, to settle at $51.21 a barrel. Volume ninth day in a row more than 1000000 export, in January than the average of a third, because both straddle wrestling.

Traders on whether oil city has been found at the bottom of differences of opinion. After oil prices hit last month after the 2009 lows around $45 a barrel after the rebound. Many people believe that, at present the market excess supply for a maximum of 2000000 barrels a day.

Oil prices fell on Thursday at mid morning, because of petroleum enterprise information Genscape reported in up to four days in February 10th, Cushing crude oil inventories increased more than 3000000 barrels, suggesting the government oil inventory data may show next week week will set the largest increases.