Oil prices recovered some of their gains in early Asian trading on Wednesday, as investors balanced fears of production cuts by major producers and attacks on shipping in the Red Sea with weak expectations of a cut in U.S. interest rates.
Brent crude futures rose 12 cents, or 0.15 percent, to $82.46 a barrel. U.S. West Texas Intermediate crude futures rose nine cents, or 0.12 percent, to $77.13. Brent contracts fell 1.5 percent and West Texas Intermediate fell 1.4 percent on Tuesday.
Source (Al-Arabiya.net Website, Edited)
