CRUDE OIL NEWS UPDATED BY POWERCOMMODITY

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Tanvi Awasthi

Oil costs ascended on Thursday for a third straight session, as the danger of contention in the Middle East stirred feelings of dread of supply disturbances, nullifying a sudden ascent in U.S. inventories.

Brent rough fates were at $72.16 a barrel at 0349 GMT, up 39 pennies, or 0.5%, from their last close. Brent quit for the day on Wednesday.

U.S. West Texas Intermediate (WTI) rough fates were at $62.41 per barrel, up 39 pennies, or 0.6%, from their past settlement. WTI quit for the day in the last session.

Investigators said oil was drawing support from increased strains in the Middle East, with helicopters conveying U.S. staff from the American international safe haven in Baghdad on Wednesday out of clear worry about apparent dangers from Iran.

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