23FEB2018 - NEWS - Oil prices rose on Thursday after Energy Information Administration (EIA) report

On Thursday both West Texas Intermediate (WTI) crude oil and Brent crude oil prices rose due to falling trend of US crude oil inventories reported in the Energy Information Administration (EIA) recent report. Rise in oil prices were also supported by the weaker dollar. Average value of Brent crude for the previous week was $63.93 per barrel.