Brent futures were up $1.30, or 3.2 percent, at $40.95 a barrel by 12:03 p.m. EST. U.S. crude futures rose $1.50, or 4 percent, to $38.
International Brent crude futures were trading at US$48.76 per barrel at 0019 GMT (08:19 p.m. EDT), up 18 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude was up 30 cents at $48.15 a barrel.
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