Oil prices rose on Wednesday, with U.S. crude gaining 1% after an industry report showed stockpiles in the United States, the world’s biggest oil user, fell more than expected, easing worries about economic growth due to the China-U.S. trade war, ONA reports citing Reuters.
Brent crude futures climbed 42 cents, or 0.71%, to 59.93 a barrel.
West Texas Intermediate (WTI) crude futures gained 56 cents, or 1%, to $55.48 a barrel.