Oil Prices Surge in the US With Decline in Crude Inventories

On Wednesday, a decline in US inventories led to a sharp increase in oil prices with an already boosting demand.

Brent Crude saw an increase of 16 cents, or 0.2 percent, at 79.10 dollars per barrel. West Texas Intermediate crude rose by 5 cents, or 0.07 percent, to 76.03 dollars per barrel.

Both contracts are seeing the highest levels of trade this month with strengthened global equities.

Brent Crude and WTI are r....