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Oil shrugs off U.S. fuel supply increase

Reuters  |  LONDON 

By Amanda CooperLONDON (Reuters) - Oil rose on Thursday in a sign that investors are wary of pushing the market lower in response to an unexpectedly large rise in U.S. stocks of refined products that has increased concern about the demand outlook. Brent crude futures were at $61.55 a barrel, up 33 cents by 1008 GMT.U.S. West Texas Intermediate (WTI) crude futures were at $56.16 a barrel, up 20 cents, after having fallen nearly 3 percent on Wednesday.U.S. crude oil inventories fell by 5.6 million barrels in the week to Dec. 1, to 448.1 million barrels, putting stocks below seasonal levels ...

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First Published: Thu, December 07 2017. 16:14 IST