Oil Prices Rise, Brent Above $ 53 A barrel

Dubai – (Massader News)

Oil prices rose on Thursday, with Brent crude futures up 0.8% to $ 53.11 a barrel.

Oil prices rose on the back of falling in the US inventories of crude, which fell by 6.5 million barrels during the week ending August 4 to 475.4 million barrels.

Nymex crude futures were up  0.6 at $ 49.84 a barrel.

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