TOKYO: Oil rose on Wednesday as worries about an increase in supplies from Iran were offset by optimism about improving U.S. fuel demand that was reinforced by a drop in weekly inventory estimates.
Brent crude oil futures for July rose 44 cents, or 0.6%, to $69.09 a barrel by 0710 GMT, while U.S. West Texas Intermediate (WTI) crude for July was at $66.35 a barrel, up 28 cents, or 0.4%.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
