Oil prices rise supported by prospect of tight inventories across globe

In intra-day trade, Brent crude was trading around 82 dollars and 58 cents per barrel while WTI crude prices were at 81 dollars and 30 cents per barrel.

Oil prices rose today, supported by the prospect of tight inventories across the globe, although the gains were capped by forecasts of an increase in global production in coming months and concerns over rising Coronavirus cases in Europe.

In intra-day trade, Brent crude was trading around 82 dollars and 58 cents per barrel while WTI crude prices were at 81 dollars and 30 cents per barrel.

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