RTRS:Brent crude prices rise $1 after U.S. stock draw
(Reuters) - Brent crude oil prices rose by $1 to $114.62 a barrel LCOc1 on Thursday on the back of a larger-than-expected drop in U.S. crude stocks and better investor risk appetite.
Crude stocks in the U.S. fell 3.2 million barrels last week and more than a projected 2.3 million-barrel drawdown, the American Petroleum Institute said on Wednesday.
By 0809 GMT Brent crude prices were up $1.04 at $114.66 a barrel after touching an intra-day high of $114.91 a barrel. U.S. crude prices CLc1 lagged slightly and were up 85 cents at $97.50 a barrel by the same time. (Reporting by Emma Farge; editing by James Jukwey)
