Oil rises after more than expected drop in U.S inventories

Oil prices yesterday rose after an industry report showed U.S. crude inventories last week fell more than analysts had expected, bolstering hopes of fuel demand in the world's biggest



economy.

 

In intra-day trade, Brent crude prices were trading around 45 dollars and 20 cents per barrel while WTI crude prices were around 42 dollars and 30 cents per barrel.