Oil prices rise on OPEC deficit forecast
TOKYO (Reuters) - Oil prices rose on Thursday, recouping some of the losses from the previous session that followed a surprise increase in U.S. crude inventories, as the market mood switched to relief after OPEC forecast a supply deficit next year.
Brent futures LCOc1 rose 28 cents, or 0.4% to $64.00 a barrel, after skidding 1% on Wednesday on the U.S. stocks build-up.
West Texas Intermediate crude CLc1 was up 12 cents, or 0.2%, at $58.88 a barrel, following a 0.8% drop the previous session.
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