Investors digest the crude shares of the fifth-week tracks

Oil rose in Asia on Thursday morning, followed by the U.S. Fuel demand is bright as crude and fuel supplies are declining.

Brent oil futures were up 0.05% at $ 75.23 and WTI futures were at $ 73.08.

U.S. Department of Energy Information Management. Crude oil supply data, stocks fell in the fifth week, the longest since January 2021.

Data shows that there were 7.641 million barrels in reserve for the week ended June 18.

Petrol cargo also recorded a larger-than-expected 2.93 million barrels.

Continuing attractions indicate a tight market like the US, China, and parts of Europe continue to recover from the COVID-19.

Investors are waiting for the OPEC meeting. The cartel will discuss its production policy when it meets next week, with some member states reportedly wanting to vote on the output increase.

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