Brent futures rose US$1.35, or 1.6%, to US$85.08 a barrel by 1:33 p.m. EDT (1733 GMT), while US West Texas Intermediate (WTI) crude rose US$2.09, or 2.6%, to settle at US$82.85.
NEW YORK: Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in US crude stockpiles and as a weaker US dollar overshadowed signs of lower economic growth in China.
Brent futures rose US$1.35, or 1.6%, to US$85.08 a barrel by 1:33 p.m. EDT (1733 GMT), while US West Texas Intermediate (WTI) crude rose US$2.09, or 2.6%, to settle at US$82.85.
