Oil prices rise; WTI at $60

13/04/2021 Argaam

Oil rigs

Oil prices edged higher on Tuesday amid tensions in the Middle East, and ahead of the US inventory data.

 

International benchmark Brent crude was trading up 0.5% at $63.65 per barrel, at 9.45 am Makkah time.

 

West Texas Intermediate (WTI) crude rose 0.5% to $60.03 per barrel.

 

The American Petroleum Institute is expected to release data on US crude stockpiles later today, while the official data from the Energy Information Administration is expected tomorrow.

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