Oil rises on Middle East supply fears, US inventory drawdowns

BEIJING: Oil prices gained over $1 on Wednesday as escalating Middle East tensions fuelled fears of supply disruptions, while falling US crude and product inventories lent support to the market.

Brent crude futures rose $1.59, or 1.5%, to $110.38 per barrel as of 0350 GMT. US West Texas Intermediate (WTI) crude gained $1.36, or 1.4%, to $99.18 per barrel.

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北京：周三，由于中东紧张局势升级加剧了人们对供应中断的担忧，油价上涨超过1美元，而美国原油和成品油库存下降也对市场提供了支撑。

截至格林尼治标准时间03:50，布伦特原油期货上涨1.59美元，涨幅1.5%，至每桶110.38美元。美国西德克萨斯中质原油（WTI）期货上涨1.36美元，涨幅1.4%，至每桶99.18美元。

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官方消息称，中国的零关税政策促进了南非商品经由恩古拉港的出口。

美国商品监管机构提议制定新的联邦加密货币监管规则