Updated on
Summary
Decline in US oil reserves caused rise in oil prices in the international markets on Saturday. In New York Mercantile, Light Sweet Crude Oil for August delivery rose by 3.95 cents to 76.9cents. In London, Brent crude deal increased by 3.77 cents. Traders said that the US oil reserves lost 49,6000 barrels, which caused hike in oil prices in the markets.
