Oil holds over $51 after U.S. crude draw

Oil prices held firm above $51 a barrel on Thursday after surging on news of a drop in U.S. crude stocks and on expectations of strong gasoline demand as the U.S. summer driving season gets under way.

U.S. light sweet crude for July delivery was up 20 cents at $51.18 a barrel after a jump of 2.6 percent on Wednesday.




Reuters