 "Oil, oil prices, qatar crisis, US, West Asia")
Oil prices edged upward Tuesday, finding technical support after sliding below $47 a barrel on pressure from a diplomatic rift in the West Asia and sustained high crude inventories in the United States.
US West Texas Intermediate crude was up 52 cents at $47.92 by 1:15 pm EST (1715 GMT). It fell in early trade, then bounced off technical support between $46.75 and $46.95 and edged upward. Benchmark Brent crude oil rose 41 cents a barrel to $49.88.
The price band that had been providing technical resistance for WTI has shifted to support, according to Fawad Razaqzada, a
US West Texas Intermediate crude was up 52 cents at $47.92 by 1:15 pm EST (1715 GMT). It fell in early trade, then bounced off technical support between $46.75 and $46.95 and edged upward. Benchmark Brent crude oil rose 41 cents a barrel to $49.88.
The price band that had been providing technical resistance for WTI has shifted to support, according to Fawad Razaqzada, a
