Brent gains as inventories fall

Source: Bloomberg
© Scanpix/RS
The European benchmark Brent crude jumped on Monday after the Energy Information Administration reported that cushing stockpiles declined by 5.96 billion barrels in the December-February period totaling 35.9 million, the lowest level since October 2013. Brent for delivery in April rose 28 cents to $110.13 per barrel on the London's ICE Futures Europe exchange.

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