Oil climbs on solid demand outlook as market awaits fresh cues By Reuters – Investing.com

Oil climbs on solid demand outlook as market awaits fresh cues By Reuters – Investing.com

By Shu Zhang and Sonali Paul

SINGAPORE (Reuters) -Oil prices rose on Wednesday after a drop in inventories reinforced OPEC's robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage.

U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.44%, to $65.57 a barrel at 0646 GMT, adding to a 36 cent rise on Tuesday.