Key Points
(Reuters) Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks...
Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to $83.16...
Brent climbed 1.6% on Wednesday, and WTI rose 2.6%...
That compares with a 30,000-barrel decline forecast by analysts in a Reuters poll, and a drop of 4.4 million barrels in a report from the American Petroleum Institute trade group..
Federal Reserve officials said on Wednesday the U.S. central bank is closer to cutting interest rates given inflations improved trajectory and a labor market in better balance, possibly setting the stage for a reduction in borrowing costs in September...
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