Oil flat as US rig count rise cools gains, gasoline jumps

Crude oil prices ended little changed on Thursday as the first weekly gain in the US rig count this year pared earlier gains.

Brent crude rose 6 cents to settle at $62.07 a barrel, after trading from $61.90 to $63.20. Prices turned lower in post-settlement trading. Brent fell 2.5 per cent on Wednesday.

US crude dipped 3 cents to settle at $56.93, trading from $56.65 to $57.95. It tumbled 4 per cent in the previous session, the most since April, after a surprise inventory build last week.

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