London- Sana
Oil prices rose today before the release of data on US oil inventories, as tight supplies and increased demand for fuel supported crude futures.
Reuters reported that Brent crude futures for August rose 22 cents, or 2 percent, to $120.79 a barrel, after closing at the highest level since May 31.
US West Texas Intermediate crude contracts for the month of July amounted to $119.65 a barrel, an increase of 24 cents, or 0.2 percent, after reaching their highest level since March 8.
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