Sharply higher global stocks have pushed oil prices higher, clawing back almost all of Wednesday’s big falls.
US light crude was up $3.66, or almost 6%, to $67.01 a barrel, while London Brent was ahead by $3.68, at $70.21.
US light crude slumped $3.88 on Wednesday after figures showed a rise in US oil stockpiles, indicating too much supply in relation to demand.
Renewed confidence in stock markets, sparked by a series of encouraging corporate results, caused the rebound.
