On Wednesday, oil prices increased due to projections of decreasing U.S. crude and gasoline inventories, while the market also monitored potential expansions in the Middle Eastern conflict that might disrupt global oil supplies.
By 0009 GMT, Brent crude futures were up by 30 cents, reaching $80.99 per barrel, and U.S. West Texas Intermediate crude saw a 38-cent rise, settling at $78.73 per barrel.
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