July 30, 2020 7:44 PM

Oil prices rise after surprise drop in US crude inventories

Oil prices today rose after a surprise drop in U.S. crude inventories, but demand concerns amid record increases in COVID-19 infections in some U.S. states capped gains.   In intra-day trade, Brent crude prices were trading around 43 dollars per barrel while WTI crude prices were around 40 dollars and 50 cents per barrel.