Oil trims losses after EIA inventories data

FXStreet (Córdoba) - Oil prices recovered during the American session and rose back above $52.00 a barrel after US EIA reported a smaller increase than the API data showed yesterday.

Crude inventories rose 7.72 million barrels for the week ended Feb. 13, above the 3.23 million barrels expected but below the 14.3 million reported by the American Petroleum Institute on Wednesday .

Crude price rose to above $52.00 a barrel trimming intraday losses but still down 1.5% on Thursday, but off a low of $49.83 scored earlier on the day.