NEW YORK, July 25 (Xinhua) -- Oil prices slightly rebounded on Thursday, as investors digested a marked decline in U.S. crude inventories last week, easing concerns over the balance between supply and demand globally.
For the week ending July 19, U.S. commercial crude oil inventories decreased by 10.8 million barrels from the previous week, the U.S. Energy Information Administration reported Wednesday.
At 445 million barrels, U.S. crude oil inventories are about 2 percent above the five year average for this time of year.
The West Texas Intermediate for September delivery increased 0.14 dollar to settle at 56.02 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery rose 0.21 dollar to close at 63.39 dollars a barrel on the London ICE Futures Exchange. Enditem
