ANKARA: Oil prices marginally rose on Thursday over demand worries after a higher-than-expected surge in oil stockpiles in the United States (US), the largest oil consumer in the world.
The international Brent crude traded at 82.75 dollars per barrel in the morning, a 0.10 percent increase from the closing price of 82.67 dollars a barrel in the last trading session.
The American benchmark West Texas Intermediate traded at 77.48 dollars per barrel simultaneously, a 0.09 percent increase after the last session closed at 77.41 dollars a barrel.
Commercial crude oil inventories
Commercial crude oil inventories in the US surged nearly 19 million barrels to 439.6 million barrels, according to the latest data released by Energy Information Administration (EIA).
Market expectation was a decline of about 2.4 million barrels.
A surge in crude stocks signaled decreasing crude demand in the country and weighed on oil prices. –AA/APP
