Oil Prices: Brent oil rises above $60, buoyed by US inventory drawdown
Updated : August 21, 2019 08:00 AM IST
Brent crude had risen 13 cents, or 0.2 percent, to $60.16 a barrel by 0136 GMT, after settling 0.5 percent higher on Tuesday.
US crude was up 12 cents, or 0.2 percent, at $56.25 a barrel.
US crude oil stocks fell by 3.5 million barrels to 439.8 million in the week to Aug. 16, data from industry group the American Petroleum Institute (API) showed on Tuesday.