Oil Prices Rise as Brent Hits $75, WTI Nears $72

Oil prices rose on Thursday. Brent Crude was trading 0.7 percent up at 75 dollars and 13 cents per barrel, and WTI Crude gained almost 0.8 percent to trade at around 71 dollars and 59 cents per barrel when reports last came



in. 

Meanwhile, US commercial crude oil inventories increased by 8.7 million barrels from the previous week, according to data released by the Energy Information Administration.