SINGAPORE: Oil prices inched higher in Asian trade Wednesday on hopes that a key US stockpiles report would beat bearish forecasts, easing concerns about tepid demand in the world's top crude consumer.
New York's main contract, West Texas Intermediate for May delivery, was up two cents at US$101.77 a barrel in mid-morning trade while Brent North Sea crude for June rose 14 cents to US$109.41.
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