11/01/2017 11:00
Oil rose on Wednesday, lifted by reports of Saudi supply cuts to Asia, but gains were capped by a lack of detail about the reductions and because of signs of rising supplies from other producers.
Prices for Brent futures, the international benchmark for oil prices, were trading at $53.94 per barrel at 0800 GMT, up 30 cents from their previous close.
Prices for Brent futures, the international benchmark for oil prices, were trading at $53.94 per barrel at 0800 GMT, up 30 cents from their previous close.