Mubasher: Oil futures settled higher on Wednesday, as US inventories rose.
June Nymex WTI rose $0.24, or 0.4%, to close at $62.02 per barrel.
The Energy Information Administration (EIA) reported on Wednesday that US crude oil inventories climbed by 5.4 million barrels to 470 million barrels in the week ended 10 May.
Source:
Mubasher
