Oil prices ticked higher in early trade on wednesday:il prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty. Brent crude futures climbed 26 cents, or 0.29%, to $91.28 a barrel, while US West Texas Intermediate (WTI) crude futures rose 37 cents to $85.31 a barrel. Both benchmarks had settled at their highest levels on Tuesday since July 24.
According to Qatar News Agency, the upward movement in oil prices is attributed to ongoing concerns about supply disruptions in the market. This continuous rise reflects the market's response to potential constraints in oil availability, prompting traders to adjust their positions accordingly. The steady climb over the past days highlights the volatility and sensitivity of oil prices to global supply dynamics.