Global oil trades mixed on Thursday
Prices had risen on Wednesday in New York after drop in US stockpiles that showed stronger demand.
LONDON (AFP) - Global oil prices were mixed on Thursday but analysts said sentiment would continue to be boosted by expectations of higher world economic growth.
New York s main contract, West Texas Intermediate (WTI) for delivery in February rose 37 cents to $94.54 a barrel.
Brent North Sea crude for February fell 11 cents to $107.02 per barrel in London midday deals.
Prices had risen on Wednesday in New York following a bigger-than-expected drop in US stockpiles that indicated stronger demand.
"Crude oil prices are supported by an overall improvement in global sentiment," said analyst Desmond Chua, of CMC Markets in Singapore, also citing an upbeat forecast from the World Bank.
"WTI gains are outpacing the Brent benchmark amid a prolonged widening of spreads and a constant decline in US supplies," he told AFP.
The US Department of Energy said Wednesday that commercial crude inventories fell 7.7 million barrels in the week ending January 10.
"The increase in price was attributable in part to a sharper-than-expected reduction in US crude oil stocks and in part to significantly rising equity markets," Commerzbank analysts said.
