Oil rises ahead of interest rate decisions, oversupply fears linger

Singapore, Dec. 12 (BNA): Oil prices ticked up on Tuesday but investors remained cautious ahead of key interest rate decisions and inflation data releases, while concerns over excess supply and slowing growth in demand kept a lid on gains.

 

Brent crude futures for February were up 47 cents, or 0.6%, at $76.50 a barrel as of 0644 GMT, while U.S. West Texas Intermediate crude futures for January delivery gained 50 cents, or 0.7%, to $71.82 a barrel, Reuters reported.

 

 

M.I.






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