Benchmark Brent crude futures were up 24 cents at $49.54
We have seen healthy demand and a flattening of rig counts in the United States: UAE minister
International benchmark Brent crude futures were at $49.28 per barrel
he price of OPEC's basket of fourteen crudes stood at US$46.85 a barrel on Wedn.
The Organization has awarded tenders for importing a quantity of 4.510mln tons of fodder barley
Brent crude future, the international benchmark for oil prices, were at $49.67 per barrel
A think tank that advises Russian government on taxes and energy-related issues expects country's oil exports to fall this year thanks to a global deal to cut output.
Iran has offered a credit period of 60 days for oil purchases in the current fiscal year.
Price of OPEC's basket of fourteen crudes stood at US$46.45 a barrel on Tuesday.
Libya hopes to reach output of 2.1 million bpd in four or five years