Crude oil prices rose for a third day Wednesday, as traders ignore another massive build in US crude oil inventories.

Weekly U.S. government data showed a 10.4 million-barrel climb in crude inventories

However, there are signs that the U.S. output has dwindled, the Energy Information Administration also said.

April West Texas Intermediate crude rose 26 cents, or 0.8%, to settle at $34.66 a barrel on the New York Mercantile Exchange.

Prices have jumped 30% in the past two weeks, moving further from recent 13-year lows near $26.

The material has been provided by InstaForex Company – www.instaforex.com