21-07-2016 09:08 via uk.news.yahoo.com

Crude oil rises after 9th weekly stock drawdown in U.S

By Aaron Sheldrick TOKYO (Reuters) - Crude oil prices rose on Thursday after the U.S. Energy Department reported a ninth consecutive weekly drawdown of crude stocks, although a surprise build in gasoline supplies helped to cap the gains. U.S. West Texas Intermediate crude for September delivery, the new front month contract from Thursday, was up 22 cents at $45.97 a barrel at 0701 GMT. Brent crude's front-month contract was up 24 cents at $47.41 a barrel.
Read more »