Oil prices rose for a fourth day on Wednesday, holding firm despite an industry report showing that U.S. inventories rose unexpectedly last week, with supply cuts and sanctions supporting the market.
Brent futures rose 22 cents, or 0.3 percent, to $69.59 a barrel by 0028 GMT, after earlier reaching $69.68, the highest since Nov. 13. The global benchmark closed half a percent higher on Tuesday.
U.S. West Texas Intermediate crude rose 6 cents, or 0.1 percent, to $62.64 cents a barrel. On Tuesday, the contract rose 1.61 percent, to settle at $62.58 a barrel, after touching $62.75, its highest level since Nov. 7.
Source : Reuters