Brent crude futures gained 1% to 114.31 USD a barrel, having earlier reached 114.72 USD - the highest level since May 4.

Saudi state-owned oil company Aramco on Thursday ordered the evacuation of its headquarters in Dhahran on the Gulf near Bahrain, as fighting intensified between the world's largest crude exporter and Yemen-based Houthis.

Clashes between the Houthis and a Saudi-led coalition have raged since the Houthis pushed towards Bab el-Mandeb, a shipping chokepoint near the Red Sea.

Russia had agreed to lift a self-imposed ban on diesel ​exports and supply the fuel to global markets, in an effort to lower fuel prices after an agreement between ​US President Donald Trump and Russian President Vladimir Putin.