India, Aug. 21 -- Oil held overnight gains on Thursday, bolstered by signs of strong demand in the United States and amid uncertainty over efforts to end the war in Ukraine.
Benchmark Brent crude futures jumped 0.8 percent to $67.38 a barrel in European trade, reaching a two-week high. WTI crude futures were up 0.9 percent at $63.25.
Investors cheered indications of robust demand in the U.S. after data showed a sharper-than-expected drop in stockpiles.
The Energy Information Administration (EIA) reported that crude oil inventories in the U.S. tumbled by 6.0 million barrels last week after rising by rising by 3.0 million barrels in the previous week.
Economists had expected crude oil inventories to dip by 1.3 million barrels.Gasoline inv...