MELBOURNE (Reuters) - U.S. oil prices jumped on Wednesday, trimming some of this week's losses, after U.S. stockpiles rose less than expected and on expectations demand will increase as some European countries and U.S. cities moved to ease coronavirus lockdowns.
U.S. West Texas Intermediate (WTI) crude <CLc1> futures climbed to a high of $14.40 a barrel and were up 15.4%, or $1.90, at $14.24 at 0233 GMT, paring a 27% plunge over the first two days of this week.
Brent crude <LCOc1> futures rose 4.6%, or 93 cents, to $21.39 a barrel, adding to a 2.3% gain on Tuesday.
U.S. crude inventories rose by 10 million barrels to 510 million barrels in the week to April 24, data from industry group the American Petroleum Institute showed on Tuesday, compared with analysts' expectations for a build of 10.6 million barrels.
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