Crude oil prices rose on Thursday as a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows.

 Brent crude was trading up 55 cents, or 1.2 percent, at $47.41 a barrel by 0129 GMT after touching a five-week low at $46.46 in the previous session.

                          U.S. West Texas Intermediate (WTI) crude was up 50 cents, or 1.1 percent, at $45.84 per barrel.

The U.S. dollar index slipped for a  third session in a row on Thursday and was down 0.09 % on concerns over the outcome of next week's U.S. presidential election. A weak dollar makes dollar-denominated oil less costly for importing countries.

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