Oil prices rose towards $100 a barrel on Wednesday with US data showing a larger-than-expected drop in the country’s crude stocks, which countered pressure from Europe’s debt crisis.

Brent crude climbed to $99.75, while US crude increased by $1.06 to $85.35, reported Reuters.

A fall of 1.765 million barrels in domestic inventories had been witnessed last week, which is more than triple the amount expected by analysts, according to data from American Petroleum Institute.

The rise in the price of crude is also supported by a growth in the vast services sector in the US. The news agency reports that recovery has been tough for Brent crude from a near 25% drop in oil prices during the last three months.