Oil prices rise on dip in U.S. crude stockpiles, IEA data
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LONDON (Reuters) - Oil prices rose on Thursday after a drop in U.S. crude stocks and an IEA forecast for lower global stockpiles in the second half, but the Brent benchmark still hovered around $30 a barrel as a weak demand picture curbed gains.Brent crude futures were up $1.17, or 4%, at $30.36 per barrel at 1056 GMT. U.S. West Texas Intermediate (WTI) crude futures were$1.1, or 4.4%, higher at $26.39 per barrel.Prices have ticked up in the last two weeks as some countries relaxed coronavirus..