Oil prices won back something after seven-week lows, gaining more than 3 per cent on Wednesday after the report of US heating fuel stocks lowering.
US light crude rose $1.49 to $48.86 a barrel, recovering from a low of $46.96 hit in the middle of the NYMEX trading day that had prices 15 per cent below the $55.67 record struck two weeks ago.
London Brent crude climbed $1.04 to $44.75 on the IPE.
Prices jumped after the US Energy Information Administration said distillate stocks, which include heating oil, fell by 100,000 barrels to 115.6 million last week, an eighth straight weekly drop.
