Oil Rises Above $84

13 April 2010 (Last Updated April 13th, 2010 18:30)

Oil traded above $84 a barrel today, ending a five-day fall in prices. For May delivery, US crude gained 53¢ to $84.58 a barrel by 4:21am ET, while London Brent climbed 36¢ to $85.08, according to Reuters. European stocks made a positive start while the dollar was d

Oil traded above $84 a barrel today, ending a five-day fall in prices.

For May delivery, US crude gained 53¢ to $84.58 a barrel by 4:21am ET, while London Brent climbed 36¢ to $85.08, according to Reuters.

European stocks made a positive start while the dollar was down 0.18%.

Data from the American Petroleum Institute shows that US crude stocks rose by 1.4 million barrels in the week ended 9 April while petrol stocks increased 1.6 million barrels.

Oil is expected to gain more support from China's GDP growth figures, to be released later this week.