Oil prices rose in early Asian trade on Wednesday as industry data showed a larger-than-expected draw down in U.S. crude stockpiles.Brent crude was up 50 cents, or 0.8 percent, at $63.84 a barrel by 0152 GMT. It had settled down $1.35, or 2.1 percent, at $63.34 on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015.
U.S. West Texas Intermediate crude was up 36 cents, or 0.6 percent, at $57.50 a barrel, having earlier settled down 85 cents at $57.14. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774
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