Oil prices rise on falling inventories

NEW YORK, Dec. 28 (Xinhua) -- Oil prices climbed on Thursday as official data showed U.S. crude stockpiles decreased last week.

The West Texas Intermediate for February Delivery added 20 U.S. cents to settle at 59.84 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery gained 28 cents to close at 66.72 dollars a barrel on the London ICE Futures Exchange. Enditem