Baku – APA-Economics. U.S. oil prices rose to a one-month high Wednesday after a government report showed a large drop in crude stockpiles when analysts were expecting a small increase, Wall Street Journal reported.
Light, sweet crude for delivery in July gained $1.74, or 1.7%, to $104.07 a barrel on the New York Mercantile Exchange, the highest close since April 21.
Brent crude futures on the ICE Futures Europe exchange rose 86 cents, or 0.8%, to $110.55 a barrel.