Post: Oil Prices Rise Affected by Falling US Crude Inventories

Oil prices rose on Wednesday after several days of decline, affected by falling US crude inventories. Brent crude futures for September rose 37 cents, or 0.5%, to $81.38 a barrel. US West Texas Intermediate crude for September increased 38 cents, or 0.5%, to $77.34 per barrel. US crude oil, gasoline and distillate inventories fell last week, according to market sources citing the American Petroleum Institute, a trade organization. Oil prices fell to a six-week low on Tuesday. Source: Qatar News Agency