Oil prices increase on world markets

Oil prices edged higher on Thursday as the market balanced weak demand with supply disruption amid a looming rail stoppage in the United States, the world's biggest crude consumer, News.Az reports citing Reuters. 

Brent crude futures was up by 2 cents to $94.12 a barrel by 0324 GMT, while U.S. West Texas Intermediate crude rose 18 cents, or 0.2%, to $88.66.


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