Oil prices extended gains from last session on Thursday, supported by a larger-than-expected drop last week in crude inventories in the United States, the world's largest oil consumer.
Brent crude futures rose 32 cents, or 0.4 percent, to $85.40 a barrel. U.S. West Texas Intermediate crude gained 48 cents, or 0.6 percent, to $83.33. The two benchmarks rose at settlement on Wednesday.
The latest data from the U.S. Energy Information Administration showed crude inventories fell by 4.9 million barrels last week. That exceeds a drop of 4.4 million barrels, according to a report by the American Petroleum Institute's Trade Group.
Source (Al-Arabiya.net Website, Edited)
