London — Oil prices climbed on Thursday after an unexpected drop in US crude stocks, but the Brent benchmark still hovered below $30 a barrel as any bullish momentum continued to be curbed by a bleak fuel demand picture due to the coronavirus pandemic.

Brent crude futures were up US51c, or 1.8%, at $29.70 a barrel at 7.55am GMT. US West Texas Intermediate (WTI) crude futures were up US54c, or 2.1%, at $25.83 a barrel...

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