Oil prices rallied again on Thursday, boosted for a second day by U.S. government data that showed a surprising crude inventory drop, but crude futures pared gains as traders worried that OPEC was not nearing an agreement to reduce a global glut. 

Oil prices got more support from the dollar's <.DXY> slide a day after the Federal Reserve kept U.S. interest rates unchanged.U.S. West Texas Intermediate (WTI) crude futures <CLc1> settled up 98 cents, or 2.2 %, at $46.32 a barrel. The session high for WTI was $46.52.

Brent crude futures <LCOc1> rose 82 cents, or 1.8 %, to settle at $47.65. The session peak for Brent was $47.83.

Crude futures gave back some gains after Reuters reported that a two-day expert-level meeting of the Organization of the Petroleum Exporting Countries on production cooperation had yielded no major breakthrough. For More Information Nifty Future Trading Tips, Nifty Future Tips,Nifty Market Tips,Future & Option Tips and you can call us on :-9827808090.