Oil Rose 18 Cents as U.S. Supplies Did Not Grow as Expected

Bloomberg reported that oil rose 18 cents as U.S. supplies did not grow as expected last week.

As quoted in the market news:

Benchmark U.S. crude rose by 18 cents to $98.59 per barrel in New York. Brent crude, which is used to price foreign oil varieties, rose by 29 cents to $116.52 per barrel in London.

Click here to read the full Bloomberg reported report.