New York, SANA-Oil prices inched higher during Asian trading session, continuing their recovery from sharp losses recorded earlier in the week.

According to CNBC, Brent crude futures rose by approximately 0.4% to $67.93 per barrel, while U.S. crude futures increased by 0.5%, reaching $65.21 per barrel.

Both benchmark crude contracts had gained around 1% yesterday, rebounding from early-week losses after data indicated strong demand in the United States.

Oil prices were further supported by a larger-than-expected drop in U.S. inventories, signaling robust demand, although investors remained cautious amid ongoing uncertainty in the Middle East.

Nisreen Othman / Manar Salameh