Oil climbs after hitting one-month low; supply glut weighs
BEIJING/SINGAPORE (Reuters) -Oil prices climbed on Wednesday after sliding to a one-month low in the previous session, though an expected supply glut and a potential Russia-Ukraine peace deal capped gains.
Brent crude futures rose 27 cents, or 0.43%, to $62.75 a barrel at 0412 GMT, while U.S. West Texas Intermediate crude futures gained 24 cents, or 0.41%, to $58.19 a barrel.
