On Wednesday, oil prices rose after a weekly US petroleum status report depicted a mixed picture.
On the New York Mercantile Exchange, the West Texas Intermediate (WTI) for October delivery rose US$1.17, or 1.3 percent, to close at US$88.48. On the London ICE Futures Exchange, Brent oil for November delivery rose 93 cents, or 1%, to end at US$4.1 a barrel.
The US Energy Information Administration (EIA) stated on Wednesday that crude oil stocks grew by 2.4 million barrels in the week ending September 9. Analysts surveyed by S&P Global Commodity Insights predicted a 1.2 million barrel increase in US crude stockpiles.
Total motor gasoline stockpiles fell by 1.8 million barrels last week, while distillate stocks increased by 4.2 million barrels, according to the EIA.
