Heads up to the release of weekly crude oil inventories at 17:30 MT!
Crude inches up, backed by dip in southern Iraq exports
On Tuesday, crude ascended, gaining support from a tumble in crude exports from OPEC's number two producer Iraq as well as a projected extended dive in American commercial crude stocks.
In London, December delivery crude futures tacked on 5 cents hitting $57.42 a barrel.
December delivery American crude futures also gained 5 cents trading at $51.95.
This month Iraqi crude exports have declined more than 200,000 barrels a day because shipments from both north and south of Iraq went down.
On Monday, US Secretary of State Rex Tillerson urged the Kurdistan region and the Iraqi government to tackle their conflict over Kurdish self-determination as well as disputed territories through dialogue.
The decline in supplies from Iraq comes because OPEC, Russia as well as other producers are reducing output by nearly 1.8 million barrels a day until March 2018 in an attempt to tame a glut and underpin prices.
Crude oil inventories will be out at 17:30 MT time
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Today, the election in Canada will determine whether the Liberal Party Prime Minister Justin Trudeau or the Conservative Party leader Andrew Scheer will lead the government…
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
De-escalation between the US and Turkey and News for the GBP are on the agenda