Oil rises after drop in US stocks

Oil prices rose on Thursday after the US Department of Energy announced a decline in crude stocks for the week ninth consecutive although the unexpected increase in gasoline supplies helped curb gains.
And ascended WTI US mediator in the futures September delivery -oho new contract for the month nearest Asthakaq- 18 cents to $ 45.93 a barrel at 0042 GMT. And it ended up trading in August contracts on Wednesday after gaining 29 cents , or about 0.7 per cent to settle at 44.94 dollars a barrel.
And it increased the global Brent crude contracts for Brent crude contracts for the nearest maturity of 22 cents to $ 47.39 a barrel. The September contract rose 51 cents , or about 1.1 percent to $ 47.17 a barrel in the previous session.
The US crude stocks fell by 2.3 million barrels in the week ended July 15 , according to showed the US Energy Information Administration data.
But the administration said that inventories of 519.5 million barrels is a high level of historic high at this time of year.
Gasoline inventories rose by 911 thousand barrels compared with expectations of staying little changed, according to the Energy Information Administration change.