Oil prices recorded an increase at the settlement, on Wednesday, retreating from their early declines in the beginning of trading, with expectations of withdrawing more US crude oil stocks after Saudi Arabia and Russia extended the voluntary reduction of their supplies.

Brent crude futures rose by 56 cents to settle at $90.60 a barrel, and West Texas Intermediate crude futures rose 85 cents to $87.54.

Oil prices had declined earlier on Wednesday, as Brent crude futures recorded $89.95 a barrel at the beginning of trading, and West Texas Intermediate crude futures recorded $86.60 a barrel.”/End