Tokyo, Aug. 21 (BNA): Oil prices continued to rise on Thursday.

Brent Crude futures hit a two-week high in early trade and were up 41 cents, or 0.61%, to $67.25 a barrel at 0637 GMT, Reuters reported.

US West Texas Intermediate (WTI) crude futures rose 45 cents, or 0.72%, to $63.16 a barrel.

Both contracts climbed over 1% in the prior session.

US crude inventories fell by 6 million barrels last week to 420.7 million barrels, the U.S. Energy Information Administration said on Wednesday, against expectations in a Reuters poll for a 1.8 million-barrel draw.

Gasoline stocks dropped by 2.7 million barrels, versus expectations for a 915,000-barrel draw, the EIA said, indicating steady driving demand during the summer travel season. That was also seen in a jump in the four-week average for jet fuel consumption to its highest since 2019.

H.K, S.H.A