Mubasher: Oil prices increased by the end of Wednesday's trade, with Nymex raising above the level of $52 per barrel, after US oil inventories declined for the first time in four weeks.
Nymex futures for November delivery rose by 0.5% to $52.14 per barrel (pb).
Earlier today, the data of the US Energy Information Administration (EIA) showed that American crude oil inventories went down by 1.8 million in the week that ended 20 September, to 471 million barrels.
