Oil prices rose on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inventories curbed gains.
Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at $52.53 per barrel at 0659 GMT, up 11 cents from their last close.
In the United States, West Texas Intermediate (WTI) crude futures CLc1 rose 17 cents to $49.67 a barrel.
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West Texas Crude Moves Higher as Crude Inventories Misses Estimate
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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