Oil Up on Russia-Ukraine Missile Exchange, Outweighing US Crude Stock Rises

OIL PRICE - LONDON. Oil prices rose on Thursday as Russia and Ukraine launched missiles at each other, overshadowing the impact of a bigger-than-expected increase in U.S. crude inventories.

Brent crude futures rose 96 cents, or 1.3%, to $73.77 as of 1017 GMT. U.S. West Texas Intermediate crude futures rose 99 cents, or 1.4%, to $69.74.