Oil climbs as draw in US crude stocks boosts optimism about demand
TOKYO: Oil prices climbed on Thursday after a sharp drawdown in US crude and gasoline stocks reinforced optimism of a quick recovery in fuel demand and on doubts about the future of the 2015 Iran nuclear deal that could end US sanctions on Iranian crude exports.
Brent crude futures rose 9 cents, or 0.1%, to $75.28 a barrel by 0103 GMT, after increasing 0.5% on Wednesday.
US West Texas Intermediate (WTI) crude futures gained 6 cents, or 0.1%, to $73.14 a barrel, after rising 0.3% on Wednesday.
