Thu, 06 Feb 2014 11:24:07 GMT
Brent rises as stockpiles gain less than forecast last week
The European benchmark Brent crude traded in London increased on Thursday after the Energy Administration Department showed in a report that stockpiles in the world's largest oil consumer, U.S., rose by 505,000 barrels in the week ended on January 31. Brent for delivery in March added 13 cents to $106.38 per barrel on the London's ICE Futures Europe exchange.