Brent crude futures LCOc1 climbed 24 cents, or 0.40%, to $60.20 a barrel by 0343 GMT, while U.S. West Texas Intermediate crude CLc1 was at $56.21 a barrel, up 22 cents, or 0.39% The post Oil prices rise after US inventory draw, Venezuela in focus appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More .