Shares of energy companies ticked up as optimism about vaccine rollouts and rising demand was offset by over-supply concerns.
Continued lockdowns in Europe have diminished confidence in OPEC's plans to gradually ramp up production.
Oil futures rose 0.6% to close at $59.70-per-barrel, continuing to hover around the psychologically significant $60 level.
British oil major BP said Argos, a semi-submersible, floating production platform and the centerpiece of the company's Mad Dog 2 project, arrived in the U.S. after a 16,000-mile journey from South Korea.
French oil giant Total said it expects to start commercial oil production from its Ugandan oil fields by early 2025.
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(END) Dow Jones Newswires