Crude oil prices edged higher on Wednesday

International benchmarks for oil prices rose slightly on Wednesday (30 March) as weaker US dollar support the market. Besides, data from the US Department of Energy showed another increase in commercial crude inventories last week at 2.3 million barrels. However, market was glad that this number is still below what analysts were initially estimated of 3 millions barrels. Industry experts expressed a relatively pessimistic opinion about this increases saying that market would not be spin too far away from a reality of having too much supply.

WTI closed at   $38.32/b (+$0.04)
Brent closed at $39.26/b (+$0.12)

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