[size=36]Oil rises due to US inventories[/size]
Oil prices rose in Asia on Thursday, after estimates of a larger-than-expected decline in US crude inventories.
Light sweet crude for July delivery rose 29 cents to $ 59.10 in electronic exchanges in Asia.
Brent North Sea crude oil, the European delivery for July, rose 17 cents to $ 69.62.
According to estimates of the Professional Union "Institute of Oil" that US reserves fell by 5.3 million barrels in the week that ended on May 24, to 474.4 million barrels, that is the size of the decline exceeded 900 thousand analysts expected. Official figures on the state of stocks are expected to be published Thursday.
Any drop in inventories is a sign of increased demand in the world's largest oil consumer.
But prices remain under pressure from the US-China trade war, as well as information that the Organization of Petroleum Exporting Countries (OPEC) and its partners are unable to agree to extend production cuts while sanctions limit exports from Venezuela and Iran.
The Brent crude was closed Wednesday at $ 69.45, after a drop of 66 cents.
In New York, light sweet crude lost 33 cents and closed at 58.81 dollars