Oil Prices Rise Amid Expectations Of A Tightening Market ...Middle East

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Oil Prices Rise Amid Expectations Of A Tightening Market
source : OILPRICE ( Middle East ) () 29
Oil prices reversed losses and edged higher early on Wednesday as analysts expect an increasingly tighter market balance later this year. As of 7:20 a.m. EDT on Wednesday, ahead of the EIA’s weekly petroleum status report on inventories in the United States, the U.S. benchmark, WTI Crude, was up by 0.41% on the day at $71.11. The international benchmark, Brent Crude, was trading 0.40% higher at $75.16.   Price gains were limited due to continued concerns over the health of the U.S. economy and the patchy recovery in China, where recent…

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