An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China. Picture: REUTERS/STRINGER/CHINA OUT
Brent crude futures rose 30c to $61.11 a barrel by 0826 GMT, heading for their first weekly loss in four. US West Texas Intermediate futures were up 39c at $56.14 a barrel. The price rise on Thursday came after both of the principal global benchmarks fell sharply on the previous day after a report that President Donald Trump had weighed easing sanctions on Iran, a move that would potentially boost global crude supply.
Also supporting prices, the US Energy Information Administration said on Wednesday that US crude oil stockpiles fell last week to their lowest in nearly a year, as refineries raised output and imports fell.
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