Oil prices edge up after OPEC says market fundamentals are strong
SINGAPORE: Oil prices inched up on Tuesday after an OPEC report said market fundamentals remained strong and due to concerns supplies might be disrupted as the US cracks down on Russian oil exports.
Brent crude futures rose 33 cents, or 0.4%, to $82.85 a barrel by 0113 GMT US WTI crude futures were also up 33 cents, or 0.4%, at $78.59 a barrel.
In its monthly report, the Organization of the Petroleum Exporting Countries blamed speculators for a recent drop in prices.
