Oil Gains Over 2% As Gasoline Stocks Show Second Weekly Decline ...Middle East

After plunging for six straight sessions on economic growth concerns, oil prices have now gained over 2% on the back of indications that gasoline demand is starting to improve alongside a weekly decline in U.S. gasoline inventories. At 3:40 p.m. EST on Thursday, Brent crude was trading up 2.26%, at $82.42 per barrel for a $1.82 per barrel gain on the day. WTI was also trading up 2.26%, at $75.62 per barrel.  On Thursday, the Energy Information Administration (EIA) released its weekly inventory report, showing that while crude oil inventory…

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