Oil prices rose in early Asian trade today, supported by indications of tight supply.
Reuters reported that Brent crude futures prices rose five cents to $87.02 a barrel.
West Texas Intermediate crude futures rose 16 cents, or 0.2 percent, to $80.71 an ounce.
And the US Energy Information Administration stated that US crude stocks decreased by about 13 million barrels, which is the largest level since 2019, in the week ending on the 25th of last November.
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