Oil prices rose slightly in early Asian trading on Thursday, as markets weighed bullish U.S. inventory data on Wednesday and a likely extension of OPEC+ output cuts against the fallout of Fitch’s downgrade of the U.S. government’s top credit.
Brent crude futures rose 27 cents, or 0.32%, to $83.47 a barrel by 0001 GMT, while U.S. West Texas Intermediate crude climbed 29 cents, or 0.36%, to $79.78 a barrel.
