Oil held gains near the highest level in three months after an industry report showed crude stockpiles in the U.S. rose less than expected while fuel supplies declined.
West Texas Intermediate for April delivery was 7 cents lower at $57.09 a barrel on the New York Mercantile Exchange at 10:08 a.m. in Singapore. The March contract expired after rising 83 cents to $56.92 on Wednesday.
Brent for April settlement dropped 23 cents to $66.85 a barrel on the London-based ICE Futures Europe exchange. The contract increased 63 cents to settle at $67.08 on Wednesday to the highest since November. The global benchmark crude was at a $9.73 premium over WTI for the same month.
Source : Bloomberg