Brent inches higher to $59

Brent crude rose marginally toward $59 a barrel on Wednesday, helped by better than expected Chinese factory activity data, the Federal Reserve’s flexible stance on United States interest rates and the eurozone’s approval of reforms proposed by Greece.

US crude was weaker, however, after settling lower for the fifth consecutive session on Tuesday on the back of a bigger than expected crude stock build-up, according to upstreamonline.com. Read more

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