SINGAPORE: Oil prices rose on Thursday following a drawdown in US crude inventories, but gains in fuel inventories and persistent concerns over the global economy and future demand outlook capped gains.
Brent crude futures climbed 27 cents, or 0.5 per cent, to $60.57 a barrel by 0051 GMT on Thursday.
West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.6 per cent, to $56.03 per barrel.
