Oil Prices Rise on Possible US Stocks Decline

Oil prices continue to rise to $95 a barrel on Wednesday with traders bracing for a possible further decline in U.S. crude stocks due to weather-related outages, although Mexican export terminals reopened after a brief halt.

U.S. light, sweet crude for February delivery rose 50 cents to $94.63 a barrel by 0443 GMT after gaining 82 cents on Monday. Trading volumes remained thin with only 1,395 lots of the front-month contract trading.

London Brent crude rose 80 cents to $93.50.