Oil prices extended gains from the previous session in Asian trading on Thursday after a surprise third consecutive weekly U.S. crude inventory draw tightened the market.

  U.S. West Texas Intermediate (WTI) crude oil futures <CLc1> were trading at $45.59 per barrel at 0045 GMT, up 25 cents from their previous close. The contract had already gained as much as 3 % the day before.

Prices jumped after the U.S. Energy Information Administration (EIA) surprised the market with a 6.2 million barrel fall in crude oil inventories last week to 504.6 million barrels. Forecasters in a Reuters poll had expected a 3.4 million-barrel build.

International benchmark Brent crude futures <LCOc1> were also up, gaining 27 cents from their last close to $47.10 per barrel.

Brent was lifted by an oil workers' strike in Norway, which threatened to cut North Sea crude output.For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090.