Singapore - Sana
Oil prices rose today after reaching their highest levels in nearly a year the previous session, supported by an unexpected drop in crude and gasoline inventories in the United States, which raised hopes for a recovery in demand.
Reuters reported that US West Texas Intermediate crude futures rose 39 cents, or 0.71 percent, to $ 55.15 a barrel, achieving gains for the third consecutive session.
The benchmark crude reached its highest level in one year at $ 55.26 yesterday.
Brent crude futures increased to an 11-month high at $ 58.10 a barrel, to achieve gains for the fourth day, after reaching 58.05 yesterday.
The American Petroleum Institute announced that US crude inventories decreased by 4.3 million barrels in the week ending January 29, compared with analysts' expectations in a Reuters poll for an increase of 446 thousand barrels.
