Oil edges up on smaller US output growth estimates
Brent crude oil price news: Brent crude futures rose 38 cents, or 0.5 per cent, to $78.97 a barrel as of 0013 GMT, while US West Texas Intermediate crude climbed 41 cents, or 0.6 per cent, to $73.72. Both contracts had gained slightly on Monday.
Brent crude oil price news: Oil prices ticked higher on Wednesday, as growth in US oil production is expected to remain largely steady through 2025, easing worries of excess supply. Image: Reuters