05APR2018 - NEWS - Crude Oil prices rose on Thursday due to fall in US crude inventories

Oil prices rose on Thursday due to fall in US crude oil inventories reported by Energy Information Administration (EIA) of US. According to Energy Information Administration (EIA) US oil inventories reached to a lowest level in the past two weeks. Both West Texas Intermediate (WTI) crude futures and the Brent crude futures were up by around 28 cents. The rise in oil prices were also supported by the information that oil exports from OPEC members reached to a lowest mark during last month due to problems in Libya.