LONDON—Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.–Iran nuclear talks that could add crude supplies quickly to global markets.
Brent crude futures rose 65 cents, or 0.7 percent, to $92.20 a barrel at 1140 GMT, while U.S. West Texas Intermediate crude was at $90.64 a barrel, up 98 cents, or 1.1 percent.