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Report of lower US crude inventories gives lift to oil prices

But analysts warn of the risk of lower oil prices from financial markets and weaker seasonal demand

Published Wed, Feb 7, 2018 · 09:50 PM
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Singapore

OIL prices rose on Wednesday, lifted by a report that US crude inventories fell last week, although analysts warned that soaring US output and a seasonal demand drop could soon weigh on crude.

Brent crude futures were at US$67.44 per barrel at 0751 GMT, up 58 cents, or 0.9 per cent, from the previous close.

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