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    Oil rises for fourth straight day on supply uncertainty

    Brent and WTI both edged higher in early Asian trade, extending a four-session winning streak.

    Staff Writer
    Staff Writer
    Cargo ships and oil tankers on the Bosporus strait, capturing global trade and maritime logistics at sunset.

    Article summary

    AI Generated

    Oil rose for a fourth straight session in early Asian trade, with Brent climbing to $91.28 per barrel and WTI reaching $85.31. Both benchmarks closed at their highest levels since 24 July in Tuesday's session, as supply uncertainty continued to support prices.

    Key points

    • Brent crude rose 0.29% to $91.28 per barrel on Wednesday
    • WTI futures added 37 cents to reach $85.31 per barrel
    • Both contracts hit their highest settlement since 24 July on Tuesday

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    Oil prices extended their gains on Wednesday, rising for a fourth consecutive session in early Asian trading as uncertainty over global supply kept markets on edge.

    Brent crude futures climbed 26 cents, or 0.29%, to $91.28 per barrel, while US West Texas Intermediate futures added 37 cents to reach $85.31 per barrel.

    Both contracts had settled at their highest levels since 24 July in Tuesday’s session, building on a run of gains that reflects persistent questions around supply.

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