US crude was higher in Asian trade Wednesday but sentiment remained subdued as Saudi Arabia floods the market with oil and the escalating coronavirus pandemic saps global demand.
Prices plunged to their lowest levels in 18 years on Monday but staged a strong rebound the following day as investors took heart from moves by policymakers to support the virus-hit world economy.
In early Asian trade Wednesday, US benchmark West Texas Intermediate (WTI) was trading 1.46 percent higher at $20.77 a barrel.
