Crude Prices Rose on Inventories Decline

Oil prices rose amid the US inventories decline fell last week to their lowest level in nearly three years.

US crude rose $2.15 to $92.23 per barrel by 2.00 EST on Wednesday.

Meanwhile, London Brent crude futures rose $2.08 to $92.20 per barrel.

The Energy Information Administration reported that US crude stockpiles dropped 7.6 million barrels last week to 296.9 million - the lowest since February 2005.