Oil prices rose on Wednesday amid escalating war in Ukraine and signs of China's crude imports growing, while rising U.S. crude inventories capped gains overall.
Brent crude futures for August delivery rose nine cents, or 0.1%, to $73.40 a barrel. U.S. West Texas Intermediate crude futures rose 14 cents, or 0.2%, to $69.53 a barrel.
Figures from the American Petroleum Institute showed U.S. crude oil inventories rose by 4.75 million barrels in the week ended Nov. 15. However, gasoline inventories fell by 2.48 million barrels.
