Oil prices rose in trading on Wednesday after reports showed US crude inventories rose less than expected, Libyan supply disruptions continued and the OPEC supply cut deal extension looked as if it would likely be extended.
In the weekly report issued by the US Energy Information Administration on crude inventories, the agency reported stocks rose by 867,000 barrels in the week ending March 24. Earlier in the week, analysts had anticipated the growth to be around 1.4 million barrels.
