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Intermediate crude rose, narrowing its discount versus Brent to the lowest
level in two months, as the euro strengthened against the dollar and data
as much as 1 percent and the euro increased from near a four-month low as
Cypriot lawmakers debated measures needed to get a bailout.
claims dropped to a five-year low in the
to the lowest level in more than three months in intraday trading as German
business confidence unexpectedly fell. German business confidence fell from a
10-month high in March as
WTI for May delivery gained to $93.34 a barrel on the New York Mercantile Exchange. Prices are down 0.5 percent this week.
Brent for May settlement rose 19 cents to $107.66 a barrel on the London-based ICE Futures Europe exchange after falling to $106.90, the weakest intraday level since Dec. 7.
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