Oil prices rose in early Asian trade on Thursday amid fears of supply shortages as major producers continued production cuts, along with economic growth indicators in the United States, the world's largest oil consumer.
June Brent crude futures rose 15 cents, or 0.2 percent, to$89.51 a barrel. U.S. West Texas Intermediate crude futures for May rose 15 cents, or 0.2 percent, to $85.59 a barrel. The June Brent contract and the May West Texas Intermediate crude contract have risen over the past four days and closed on Wednesday at the highest level since the end of October.
Source (Al-Arabiya.net Website, Edited)
