In other news, on Thursday, crude oil posted a two-sided trade, first rallying after official US data showed crude inventories fell sharply last week as refining and exports surged to record highs.
Crude oil prices continued to trend higher for the second consecutive fortnight in a row.
The Secretary-General of the Organisation of Petroleum Exporting Countries, OPEC, Dr. Mohammed Sanusi Barkindo, has said it is too early to say when production caps should be imposed on Nigeria and Libya.
The agreement aims to limit the increase in global average temperatures to "well below 2°C above pre-industrial levels" - the level beyond which scientists say we will see the worst extremes of global warming.
Commodity markets were absorbing news the United States would withdraw from the landmark 2015 global agreement to fight climate change, a move that fulfilled a major campaign pledge but drew condemnation from USA allies. The event is likely to lead to increased production from the USA and eventually skew OPEC's price protections.
While US crude inventories fell by 6.43 million barrels last week, according to Energy Information Administration data, US production rose for the 14th time in 15 weeks, by 22,000 barrels per day to 9.34 million.
Nordqvist leads in search of LPGA three-peat
This was Kim's first LPGA win in the United States since 2009, for her two previous wins had come in Mexico and China. Creamer, who nearly won this tournament 13 years ago as an amateur, was one shot off the lead when she made the turn.
US crude production rose almost 500,000 barrels per day (bpd) last week from year-earlier levels.
USA drillers have so far added rigs for 19 straight weeks and the market was waiting for this week's data from service company Baker Hughes after 1 p.m.to see if they have extended the year-long recovery.
Oil slid below $50 a barrel last week after the agreement by the Organization of Petroleum Exporting Countries and its allies to prolong supply cuts for nine months disappointed some investors hoping for more.
That was the 20th straight weekly rise, a stretch spanning roughly five months, pointing to further gains in oil production later in the year. Pressuring the market through $47.44 will put the market in a bearish position.
While there was a dip in OPEC supplies between February and April, a report on Monday by Thomson Reuters Oil Research said OPEC shipments likely jumped to 25.18 million bpd in May, up over 1 million bpd from April.
"The worry is that you have rising output in the USA and thatRs going to offset cuts", said Gene McGillian, manager of market research at Tradition Energy in Stamford, Connecticut.