LONDON: Oil prices rose on Wednesday after industry data showing a fall in stockpiles of US crude somewhat eased worries about subdued demand due to the China-US trade war.
Brent crude futures climbed 70 cents to $60.21 a barrel by 0858 GMT. West Texas Intermediate (WTI) crude futures gained 83 cents to $55.76 a barrel.
The two benchmarks are headed for monthly losses of around 8 per cent and 5 per cent, respectively, weighed down by trade barriers between the world’s two biggest oilNSE -0.17 % consumers.
