TOKYO – Brent crude futures gained $1.13, or 1.1 percent, to settle at $103.35 a barrel, while U.S. West Texas Intermediate (WTI) crude increased $1.08, or 1.2 percent, to $91.40 a barrel. Both benchmarks had fallen more than two percent on Wednesday.
Market watchers noted that U.S. crude inventories surged by 6.9 million barrels to 456.2 million barrels in the week ending March 20, marking the highest level since June 2024.
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