West Texas Intermediate crude prices for July delivery advanced 60 cents to $60.12 while Brent crude for August rose by 32 cents to $64.27 a barrel this morning. The rise in crude oil futures corresponds with the generally better trade data from Asia, which might be partly driven by a softer dollar despite worries over supply issues and the struggling Greece's debt negotiations.

API Crude Oil Inventories data will be published today 20:30 GMT. Analysts surveyed by Bloomberg believe that crude inventories might have declined for the seventh week in a row.