Baghdad Oil prices rose, on Wednesday, with Brent crude rising for the fifth consecutive session, as the decline in US inventories and the recovery of investor demand encouraged investors.
Brent crude rose 64 cents, or 0.86 percent, to $74.63 a barrel, after rising 1.6 percent on Tuesday.
US crude rose 57 cents, or 0.80 percent, to $72.89 a barrel, after rising 1.7 percent in the previous session.
Oil stocks fell 8.5 million barrels in the week ending, according to two market sources, citing figures from the American Petroleum Institute.
Source: National Iraqi News Agency