Brent crude futures rose 16 cents, or 0.2%, to $86.28 per barrel by 0745 GMT. U.S. West Texas Intermediate crude futures climbed 31 cents, or 0.4%, to $80.46.
"The upcoming EU embargo on Russian refined products remains a major source of concern for the market, with widespread dislocations expected to materialize," the Citi analysts said. That was substantially short of forecasts for a 1 million barrel rise, though according to the EIA crude stocks are at their highest since June 2021.
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