20JUN2018 - NEWS - Oil prices rose on Wednesday due to fall in US commercial crude oil inventories

American Petroleum Institute (API) of US reported drop in US commercial crude oil inventories due to which oil prices rose on Wednesday. According to report from American Petroleum Institute (API), US crude oil inventories fell by 3 million barrels in the week to June 15. Brent crude futures were up by around 20 cents from its previous close. U.S. West Texas Intermediate (WTI) crude futures were up by around 26 cents from their previous settlement values.