Brent crude trades above US$87 a barrel

Brent crude futures were up 21 cents, or 0.2%, at US$87.55 a barrel by 1922 GMT. US West Texas Intermediate (WTI) crude futures were up 18 cents at US$84.06 in trade thinned by the US Independence Day holiday.

BRITISH COLUMBIA: Oil prices for Brent crude hit their highest level since April on Thursday, holding above US$87 after data the previous day showed a decline in US inventories.

Brent crude futures were up 21 cents, or 0.2%, at US$87.55 a barrel by 1922 GMT. US West Texas Intermediate (WTI) crude futures were up 18 cents at US$84.06 in trade thinned by the US Independence Day holiday.