Oil prices rose on Thursday for the third consecutive session after government data showed a sharp drop in U.S. crude inventories, recovering from multi-month lows touched this week.
Brent crude futures rose 23 cents, or 0.3 percent, to $78.56 a barrel, while U.S. West Texas Intermediate crude gained 29 cents, or 0.4 percent, to $75.52.
Brent crude fell on Monday to its lowest level since early January, while West Texas Intermediate crude fell to its lowest level since February amid fears of a U.S. recession and a sell-off in equities around the world.
Source (Al Arabiya.net Website, Edited)
