NEW YORK, Feb. 20 (Xinhua) -- Oil prices settled higher on Thursday after data showed U.S. crude inventories rose less than expected.
In the week ending Feb. 14, U.S. commercial crude oil inventories increased by 400,000 barrels from the previous week, according to the U.S. Energy Information Administration on Thursday.
At 442.9 million barrels, U.S. crude oil inventories are about 2 percent below the five year average for this time of year, said the administration.
The West Texas Intermediate (WTI) for March delivery increased 0.49 U.S. dollar to settle at 53.78 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery rose 0.19 dollar to close at 59.31 dollars a barrel on the London ICE Futures Exchange.
In the week ending Feb. 14, U.S. commercial crude oil inventories increased by 400,000 barrels from the previous week, according to the U.S. Energy Information Administration on Thursday.
At 442.9 million barrels, U.S. crude oil inventories are about 2 percent below the five year average for this time of year, said the administration.
The West Texas Intermediate (WTI) for March delivery increased 0.49 U.S. dollar to settle at 53.78 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery rose 0.19 dollar to close at 59.31 dollars a barrel on the London ICE Futures Exchange.
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