2014.04.2409:02:00UTC+00Crude Oil Bounces From 2-week Low

Crude oil prices are rising from a two-week low Thursday morning as worries about Ukraine outweigh data showing a higher than expected increase in U.S. crude stockpiles.

Crude futures for June delivery are up $0.41 or 0.41 percent at $101.86 a barrel.

On Wednesday, crude oil futures ended at a more than two-week low at $101.44 a barrel, losing $0.31 or 0.3 percent, hurt by a surge in crude stockpiles and weak U.S. home sales data.

Meanwhile, natural gas for June delivery is up $0.062 or 1.32 percent at $4.810 per million btu.

Investors will be looking ahead to the U.S. commerce Department's data on durable goods orders for March. The data is due at 8:30 am ET. Economics expect durable goods orders growth of 2 percent month-over-month. Excluding transportation, orders may have risen 0.9 percent.

Also due for release around the same time is the U.S. Labor Department's report on jobless claims for the week ended April 19. Economists expect claims to have increased to 313,000 from 304,000 in the previous week.

Other economic news due for release during the day are the Kansas City Federal Reserve's manufacturing index for April and the a report from the U.S. Treasury about its auction of 7-year notes. The reports are due at 11 am ET and 1 pm ET, respectively.