U.S. crude oil Futures prices rose early trade in Asia on Thursday as demand prospects improved.
Thanks to strong data on car sales and an unexpected drop oil stocks in the United States - the largest consumer of oil in the world. In early electronic trading on the New York Mercantile Exchange rose contracts of U.S. light crude for October delivery 21 cents to 107.44 Dollar for a barrel after falling $ 1.3 to $ 107.23 at settlement of the previous session.
The price of futures contracts for Brent crude oil for October delivery 10 cents to $ 115.01 a barrel after falling $ 0.77 at the settlement on Wednesday. The institute said in its weekly report that crude oil inventories fell 4.2 million barrels in the week to Aug. 30 to 362 million barrels with analysts' forecasts of a drop of 1.3 million barrels.