Brent crude rose by 86 cents to $106.12 a barrel over positive remarks from the European Central Bank (ECB) and hopes of new stimulus measures in the US.

ECB president Mario Draghi said on Thursday that the bank would do whatever it takes to protect the currency bloc from collapse.

West Texas Intermediate (WTI) rose 60 cents to $89.99 a barrel as claims for jobless benefits in the world’s biggest oil consumer fell to near a four-year low.