Crude prices held gains in Asia on Wednesday after a larger than expected draw in industry estimates of U.S. crude inventories and as investors noted political risk from the launch of a medium-range ballistic missile by North Korea ahead of a summit between U.S.
President Donald Trump and Chinese President Xi Jinping this week that will discuss the Korean peninsula in addition to trade.
On the New York Mercantile Exchange crude futures for May delivery rose 0.57% to $51.32 a barrel, while on London’s Intercontinental Exchange, Brent gained 0.44% to $54.41 a barrel.
9761931931