Oil prices rise on US inventory data

Brent crude rose 1.07% to $64.89 per barrel. American WTI crude gained 1.39% to $60.74. US oil inventories increased last week, according to the American Petroleum Institute.

Brent crude oil rose by 69 cents, or 1.07%, to settle at $64.89 per barrel. American West Texas Intermediate (WTI) crude increased by 83 cents, or 1.39%, to $60.74 per barrel. Market sources, citing figures from the American Petroleum Institute (API), reported on Tuesday that oil inventories in the United States had increased last week.

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