Oil prices rose for the second consecutive day after a report showed a decline in U.S. crude inventories last week, fueling market concerns about supply shortages.
Brent crude futures increased by 0.1% to $67.75 per barrel, while U.S. West Texas Intermediate futures rose 0.2% to $63.55.
Data from the U.S. Energy Information Administration showed a 3.82 million-barrel drop in crude inventories and a 1.05 million-barrel decline in gasoline stocks, while distillate stocks rose by 518,000 barrels.
