Oil settles up as cold weather drives fuel demand

Brent crude futures settled up 76 cents, or 1%, at US$76.92 a barrel. US West Texas Intermediate crude futures settled up 60 cents, or 0.82%, to US$73.92.

HOUSTON: Oil prices rose more than 1% on Thursday as cold weather gripped parts of the United States and Europe, boosting winter fuel demand.

Brent crude futures settled up 76 cents, or 1%, at US$76.92 a barrel. US West Texas Intermediate crude futures settled up 60 cents, or 0.82%, to US$73.92.