Oil Gains On U.S. Crude Draw-Down, Easing Of Tension In U.S.-China Spat

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Oil prices rose on Thursday, buoyed by the U.S. government data showing a surprise draw-down in crude stockpiles and an easing of tensions over a trade row between the United States and China. 

 

U.S. West Texas Intermediate crude for May delivery was up 27 cents, or 0.4 percent, at $63.64 a barrel by 0445 GMT after settling down 14 cents.

 

Front-month London Brent crude for June delivery was up 30 cents, or 0.4 percent, at $68.32, having ended down 10 cents.

 

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