Oil Prices Inch Higher After Hitting One-Month Lows ...Middle East

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Oil Prices Inch Higher After Hitting One-Month Lows
source : OILPRICE ( Middle East ) () 62
Oil prices recovered slightly in early Asian trading on Wednesday after falling to one-month lows in Tuesday's session. Sentiment in markets remains bearish, with traders focused on a potential peace deal between Ukraine and Russia. At the time of writing, Brent crude was trading at around $62.72 a barrel while West Texas Intermediate was changing hands at $58.17 - both up by 0.38%. Against a backdrop of increasingly bearish signals, the American Petroleum Institute provided a rare piece of positive news for oil prices, with U.S. inventories falling…

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