Oil gains with Wall Street, but rising U.S. fuel stocks weigh | Reuters

Oil gains with Wall Street, but rising U.S. fuel stocks weigh | Reuters:

Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production.

Brent crude LCOc1 futures rose 68 cents to settle at $61.32 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 20 cents to settle at $52.31 a barrel.

Boosting oil prices, Wall Street’s main indexes hit a one-month high. [.N] Crude futures sometimes track equity markets.