Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected.
Front-month Brent crude futures, the international benchmark, were up 84 cents at $65.89 per barrel by 0948 GMT. They earlier touched their highest since May 31 at $66.25 a barrel.
U.S. West Texas Intermediate (WTI) crude futures were at $58.91 per barrel, up $1.08 from their last settlement. WTI earlier hit its highest level since May 30 at $59.13 a barrel.
Philadelphia Energy Solutions is expected to seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, two sources familiar with the plans said on Tuesday.
Source : Reuters