Crude futures rose Thursday despite U.S. government data that showed growing oil inventories, while traders focused on Nigeria and other geopolitical threats to oil supplies.
Light, sweet crude for April delivery rose 73 cents to $62.70 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Europe. Brent crude for April was up 79 cents at $63.24 a barrel on London’s ICE Futures exchange.
