Oil Prices Gain On US Stoskpiles Report, Weak Dollar

Oil rose for a third straight session on Thursday to top $106 a barrel amid a weak dollar and U.S. government report showing a larger-than-expected drop in fuel stocks.

U.S. light crude for May delivery rose 54 cents to $106.44 a barrel by 12:34 a.m. EDT. It had settled up $4.68, or 4.6 percent, at $105.90 a barrel in New York trade, posting the biggest one-day percentage gain in three weeks.


London Brent crude rose 44 cents to $104.43.