NYMEX Crude Oil Prices Gain in Asia on Geopolitical Tension, China Demand

Crude oil prices gained in Asia on Thursday in a rebound from overnight as geopolitical tension in the Ukraine and demand prospects in China offered support.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in May traded at $103.96 a barrel, up 0.19%, after hitting an overnight session low of $103.15 a barrel and a high of $104.98 a barrel.

Brent crude on ICE Futures Europe rose 24 cents, or 0.2%, to $109.60 a barrel on Wednesday, a six-week high.

Crude slips on U.S. supply report, Chinese data supportOil edges lower in choppy trading, U.S. supply report weighs

Meanwhile in the U.S., industrial production rose 0.7% in March from February, beating expectations for a 0.5% reading.

The U.S. and China are the world's largest consumers of oil, and the data fueled hopes for more demand for fuel and energy going forward, which pushed the commodity in and out of positive territory.

(investing.com  Edited by Topco)