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Oil prices rise on higher U.S. demand

Xinhua, February 10, 2017 Adjust font size:

Oil prices extended gains Thursday as a drop in U.S. gasoline inventories suggested higher demand in the country.

The West Texas Intermediate for March Delivery added 0.66 dollars to settle at 53 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery increased 0.51 dollars to close at 55.63 dollars a barrel on the London ICE Futures Exchange. Enditem