WTI rises as inventories reach 22-year high

West Texas Intermediate oil increased for the second straight day on Tuesday after a report showed that inflation in China rose less than expected in March and as U.S. crude inventories reached the highest figure in 22 years. May WTI futures gained 46 cents to $93.82 a barrel on the NYMEX and it was traded at $93.70 at 9:15 a.m. in London.