India, July 24 -- Oil prices rose about 1 percent on Thursday, with a weaker dollar and data showing a larger-than-expected drop in U.S. crude inventories boosting prices.
Brent crude futures for September delivery jumped 0.9 percent to $69.11 a barrel in European trade, while WTI crude futures for September delivery were up 1.1 percent at $65.96.
The dollar edged higher today but remained at low levels ahead of the ECB's interest-rate decision later in the day.
Investors cheered signs of strong demand in the U.S., the world's largest oil consumer.
According to the Petroleum Status Report by the Energy Information Administration, crude oil inventories in the U.S. fell by 3.169 million barrels for the week ending July 18, surpassing mark...