Oil Prices Rise, Brent Tops $ 63 A barrel

Dubai – (Massader News)

Oil prices rose on Thursday, and Brent crude futures up by 0.08% to $ 63.54 a barrel, after US gasoline inventories fell, according to a report published by Mubasher.

The price of NYMEX crude futures was $ 56.82 a barrel.

The data released by the Energy Information Administration yesterday revealed  an increase in the US oil inventories more than expected by 2.2 million barrels, during the week ending on November 3, compared to expectations of a decline by 2.5 million barrels.

US gasoline inventories fell by 3.3 million barrels in the same period, according to Mubasher.

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