TOKYO: OilNSE 0.81 % prices rose for a fifth day on Wednesday, buoyed by a bigger than expected drop in US inventories and as investors awaited a widely expected cut in interest rates by the Federal Reserve, the first in more than 10 years.
Brent crude was up 33 cents, or 0.5 per cent, at $65.05 a barrel by 0044 GMT.
US West Texas Intermediate crude gained 28 cents, or 0.5 per cent, to $58.33 a barrel.
