Mon, 24 Feb 2014 17:05:19 GMT
Brent gains as inventories fall
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.