Oil prices rose on Thursday, driven by strong demand outlook in the United States and a weaker U.S. dollar. Brent crude futures reached their highest level since March 3, while U.S. crude inventories rose more than expected. The weaker dollar and the prospect of the Federal Reserve easing interest rates also contributed to the oil gains. Global risk premiums increased due to Israel's new ground operation in Gaza and the United States' airstrikes on Houthi targets in Yemen.