Al-Marsad newspaper: Oil prices rose, on Wednesday, compensating for losses incurred in the previous session, as investors turned to assets that involve high risks such as primary commodities, amid gains in stock markets and the emergence of signs of renewed demand in China, the largest oil importer.
Oil prices also received a boost from risk appetite, which rebounded thanks to encouraging US corporate earnings and rising stock markets.
By 04:55 GMT, Brent crude futures for December settlement rose 46 cents, or 0.5 percent, to $90.49 a barrel.
US West Texas crude for November delivery rose to $83.69 a barrel, an increase of 87 cents, or 1.1 percent.
