“US crude oil production is expected to grow slower than previously expected in 2019 and average about 12.30 million bpd”
Oil prices edged higher on Wednesday, supported by planned cuts to Saudi exports and a reduced forecast for United States (US) crude output.
International Brent crude oil futures were at $66.93 a barrel at 0039 GMT, up 26 cents, or 0.4 per cent, from their last close. Brent touched $67.39 a barrel on Monday, its highest since February 25.
US West Texas Intermediate (WTI) crude futures were at $57.17 per barrel, up 30 cents, or 0.5 per cent, from their last settlement.
