Oil prices rose slightly, as a larger-than-expected drawdown in crude oil and fuel inventories in the United States, the world's largest oil consumer, reinforced expectations of stable demand.
Brent crude futures rose 13 cents, or 0.19 percent, to $66.97 a barrel, after rising 1.6 percent in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose 15 cents, or 0.24 percent, to $62.86, after rising 1.4 percent the previous day.
The U.S. Energy Information Administration reported a 6 million-barrel drop in crude oil inventories last week to 420.7 million barrels, compared to analysts' expectations in a Reuters poll for a 1.8 million-barrel decline.
Source (Al Arabiya.net, edited)
