The West Texas Intermediate for November delivery added 1.74 U.S. dollars to settle at 72.23 dollars a barrel on the New York Mercantile Exchange. Brent crude for November delivery increased 1.83 dollars to close at 76.19 dollars a barrel on the London ICE Futures Exchange.
Prices were lent buoyancy by the decline in U.S. crude oil stocks.
U.S. crude oil inventories decreased by 3.5 million barrels during the week ending Sept. 17, the U.S. Energy Information Administration (EIA) reported on Wednesday.
At 414.0 million barrels, U.S. crude oil inventories are about 8 percent below the five year average for this time of year.
According to the EIA, total motor gasoline inventories increased by 3.5 million barrels last week, while distillate fuel inventories decreased by 2.6 million barrels.
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