World Oil Prices Rise As U.S. Inventory Falls

The price of oil on world commodity exchanges was growing Thursday morning as U.S. crude stock inventory fell.

The price of a May futures contract for WTI light sweet crude in electronic trading on Nymex was up 15 cents to $107.26 a barrel by 7:30 Moscow time. The price of a May futures contract for North Sea Brent blend was up 5 cents to $122.93 in London.

Oil prices rose the day before, with May WTI contracts up 86 cents to $107.11 a barrel and May Brent contracts were up $1.96 cents to $122.88.