International oil prices rose sharply on June 26

Xinhua News Agency New York, January 26 (Reporter Liu Yanan)International oil prices rose sharply on June 26.By the end of the day, light crude for March delivery rose $1.75, or 2.04%, to settle at $87.35 a barrel on the New York Mercantile Exchange.London Brent crude for March delivery rose $1.76, or 2%, to settle at $89.96 a barrel.Us commercial crude oil inventories rose by 2.4 million barrels to 416.2 million barrels last week, data from the US Energy Information Administration showed Friday.