Oil prices rose solidly for a second day in a row yesterday after US data showed declines in crude and gasoline inventories. US benchmark West Texas Intermediate for July delivery advanced 1.29 US Dollar to 61.43 dollar a barrel on the New York Mercantile Exchange. European benchmark Brent oil for July delivery rose 82 cents to 65.70 US dollar a barrel in London. US Department of Energy's inventory report for the week ending June 5 showed US crude stocks fell 6.8 million barrels and gasoline supplies dropped 2.9 million barrels.