Thu, 05 Dec 2013 09:44:05 GMT
WTI rises as inventories fall first time in 11 weeks
West Texas Intermediate crude increased on Thursday traded close to the strongest level in one month after an industry report showed that stockpiles in the U.S., the world's largest oil consumer, dropped for the first time in eleven weeks. WTI for delivery in January added 15 cents to $97.35 a barrel on the NYMEX as of 1:18 p.m. Singapore time.