Oil prices inch higher amid support for supply cuts, lower inventory forecast(Update)


Brent crude was up 7 cents at $66.46 a barrel by 0105 GMT. U.S. West Texas Intermediate was 4 cents higher at $60.56 a barrel.

TOKYO: Oil prices edged higher on Tuesday after Russia's energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories.

Brent crude was up 7 cents at $66.46 a barrel by 0105 GMT. U.S. West Texas Intermediate was 4 cents higher at $60.56 a barrel.

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