Global oil prices rose in early trade on Thursday backed by tighter US supply, with a focus on China factory activity due later in the day amid recent weak economic expansion data in the world’s second-biggest economy.
Brent crude futures contract for October and which expires on Thursday was up 14 cents, or 0.16%, at $86 per barrel and the more active November contract was up 10 cents, or 0.12%, at $85.34.
US West Texas Intermediate crude futures gained 10 cents, or 0.13%, to $81.74.
Prices are on the rise this week, with US government data showing tighter-than-expected crude supplies and a military coup in Gabon, an OPEC member, raising fears of crude oil supply disruptions providing additional support on Wednesday.
Source: Qatar News Agency