Oil is rising after US supply numbers come in higher than expected (WTI)

Oil prices are risingafter higher than expected oil inventory numbers. Data from the Energy Information Administration show a slight increase of 0.118 million barrels, compared to Wall Street's expected drawof 2.585 million barrels from the UScommercial crude inventories. The previous report showed a reduction of 2.451 million barrels. Oil is rising afterthe news. Futures for West Texas Intermediate are up 0.45% after the news, and Brent oil futures are up 0.60%. The price increase is sending oi...