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Oil prices rose 0.7 percent after Saudi Arabia cut supply to the United States
Follow - up / ... Oil prices rose Thursday for the third consecutive day , driven by signs of a decline in US imports in the framework of the efforts of the Organization of the Petroleum Exporting Countries (OPEC) to reduce the supply in the market.
US benchmark WTI crude rose 35 cents, or 0.7 percent, to $ 54.58 a barrel by 0249 GMT. US crude closed up 1.7 percent on Wednesday as prices hit a 21-month high of $ 54.93 a barrel.
Brent crude futures also rose 52 cents, or 0.8 percent, to $ 62.17 a barrel.
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