Oil Rises On OPEC-Led Supply Cuts, Report Of Falling US Crude Inventories

Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from US President Donald Trump. 

US West Texas Intermediate (WTI) crude oil futures were at $56.02 per barrel at 0100 GMT, up 52 cents, or 0.9 per cent, from their last settlement. 

International Brent crude futures were at $65.55 per barrel, up 34 cents, or 0.5 per cent from their last close.

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