Oil prices rose moderately on October 27 after surging to two-week highs on October 26 on data about the reduction of gasoline inventories in the US and the depreciation of the dollar, Report informs referring to the auction data.
December Brent futures rose 0.25% on the London ICE Futures Exchange to $95.93 per barrel.
By that time, December futures for WTI had risen in price on the New York Mercantile Exchange (NYMEX) by 0.22%, to $88.1 per barrel.
Earlier, the US Department of Energy reported that the country's commercial oil reserves increased by 2.59 million barrels last week, while experts polled by Bloomberg expected a more moderate increase of 1.5 million barrels.
Inventories of gasoline experienced a drop of 1.48 million barrels, while distillate reserves increased by 170,000 barrels. Analysts predicted a decline of 1.5 million barrels in gasoline stocks and 1 million barrels in distillate inventories.