Oil prices inch higher amid support for supply cuts, lower inventory forecast
Oil prices edged higher on Tuesday after Russia`s energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in US crude inventories.
Brent crude was up 7 cents at $66.46 a barrel by 0105 GMT. U.S. West Texas Intermediate was 4 cents higher at $60.56 a barrel. Photo: Pixabay