2023-09-27 04:57:40
Oil prices rose in early trading, today, Wednesday, as markets focused on the scarcity of supplies ahead of the winter and the “soft landing” of the US economy.
By 0015 GMT, Brent crude futures rose 33 cents, or 0.4 percent, to $94.29 per barrel, while US West Texas Intermediate crude futures rose 31 cents, or 0.3 percent, to $90.70.
Industry data issued yesterday, Tuesday, showed that US crude oil inventories rose last week by regarding 1.6 million barrels, compared to analysts’ expectations of a decline of approximately 300,000 barrels.
US government data on oil inventories is expected to be released at 10:30 am (1430 GMT).
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