Brent rises as inventories rise more than expected last week

The European benchmark Brent crude slightly increased on Thursday after the Energy Information Administration reported that stockpiles in the U.S. jumped last week by 6.4 million barrels compared to initially estimated gain of 2.25 million. Brent for delivery in March surged as much as 4 cents to $107.89 per barrel on the London's ICE Futures Europe exchange.