LONDON—Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight supplies still clouded the market outlook.
Brent crude futures climbed $1.05 or 1. percent, to $102.12 a barrel at 0921 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 86 cents, or 0.9 percent, to $97.09 a barrel.
