Oil prices rise to near $90/bbl on U.S. crude stock drop

LONDON, Nov 23 (Reuters) – Oil prices rose on Wednesday as data showing a larger-than-expected U.S. crude drawdown last week outweighed concerns about lower demand from China.

Brent crude futures rose $1.03, or 1.17%, to $89.39 a barrel at 0941 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.06%, to $81.81 a barrel.

View entirety: Reuters