20-07-2016 17:43 via uk.news.yahoo.com

Oil prices up after ninth weekly U.S. crude drawdown

By Barani Krishnan NEW YORK (Reuters) - Oil prices rose on Wednesday, with U.S. crude rebounding from two-month lows, after the U.S. government reported a ninth straight week of crude inventory declines that came within expectations in a market worried about a fuels glut. U.S. gasoline prices , however, extended losses, hitting a four-month low after the data from the U.S. Energy Information Administration showed a surprise build in supplies of the motor fuel despite rising summer demand. Brent
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