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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oil Edges Higher; Market Wary of US Inflation Data

Oil United States Inflation STEM
Pump Jacks are seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson

Oil edged up on Wednesday, a day after it fell through $100 a barrel for the first time since April, while traders looked towards US inflation data that could weaken the market.

Brent crude futures were up 24 cents, or 0.2%, at $99.73 a barrel at 0325 GMT. US West Texas Intermediate crude gained 10 cents, or 0.1%, to $95.94, Reuters reported.

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