HOUSTON: Oil prices rose on Wednesday, buoyed by government data showing US crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the US threat of tariffs on nations buying Venezuelan crude.
Brent crude futures settled up 77 cents, or 1.05%, at US$73.79 a barrel. US West Texas Intermediate crude futures settled up 65 cents, or 0.94%, at US$69.65 a barrel.
