In early trade on Wednesday in Asian markets, oil prices rose after a US trade group reported a significant draw in crude oil stocks ahead of the government’s data release.
Brent crude rose by 16 cents, or 0.2%, to $80.93 a barrel by 0006 GMT.
US West Texas Intermediate crude rose 25 cents, or 0.3%, to $77.32 a barrel.
Last week ended on April 21, US crude oil stocks fell by about 6.1 million barrels. Analysts had expected crude inventories to fall by about 1.5 million barrels.
On Tuesday, crude oil settled more than 2% lower post US consumer confidence dropped to a nine-month low in April, feeding worries about a recession.
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