Brent crude hit a 27-month high Saudi Crown Prince said it was determined to end

Brent crude futures closed at 27-month highs on Thursday as the market focused more on the Saudi Crown Prince's speech on ending the global oversupply situation, rather than an unexpected increase in US crude oil inventories and high US production and exports.

Brent crude futures closed up $ 0.86, or 1.5%, to $ 59.30 a barrel, for the July 3, 2015 to the highest level.

US crude oil futures rose 0.46 US dollars, or 0.9 percent, reported 52.64 US dollars a barrel, for the April 17 to the highest level.

After rising on Thursday, Brent crude oil futures rose for the third day, due to Saudi Arabian royal family Salman said earlier this week, Reuters interview, said Saudi Arabia decided to end the oil price over three years of global crude oil supply situation.

"We are committed to working with all oil-producing countries, whether OPEC or non-OPEC producers," said Salman, who was asked whether Saudi Arabia would support extending the cut-off agreement until March 2018. Is a great and historic agreement ... we will support any stable oil market supply and demand approach.